Goldman Sachs has begun trading a derivative product linked to the price of ethereum's native token, ether.
Now, amid a tumultuous backdrop, Goldman has commenced a derivatives product linked to the price of ether — the possibility of an ETH-linked derivative product was firstAccording to a statement made on Monday, this was the first over-the-counter non-deliverable forward crypto trade on ether by Goldman, with Marex acting as the counterparty. Marex's hedging and investment solutions arm, Marex Solutions, organized the trade.
An NDF is a derivative product that allows the holder to have exposure to an asset without having to hold it. This pays out in cash based on the price of ether at the time of settlement.
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