{"id":42058,"date":"2021-05-07T10:16:26","date_gmt":"2021-05-07T07:16:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42058"},"modified":"2025-08-30T21:32:02","modified_gmt":"2025-08-30T18:32:02","slug":"goldman-sachs-launches-bitcoin-non-deliverable-forwards-for-clients","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/goldman-sachs-launches-bitcoin-non-deliverable-forwards-for-clients\/","title":{"rendered":"Goldman Sachs launches bitcoin non-deliverable forwards for clients"},"content":{"rendered":"<p>The investment bank Goldman Sachs launched non-deliverable forwards (NDFs) on Bitcoin with settlement in fiat currency. <a href=\"https:\/\/news.bloomberglaw.com\/securities-law\/goldman-offers-new-bitcoin-derivatives-to-wall-street-investors\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bloomberg<\/a> reports.<\/p>\n<p><!--more--><\/p>\n<p>To hedge against volatility, Goldman Sachs will use the services of the Chicago Mercantile Exchange, taking positions in futures. The bank&#8217;s trading partner will be Cumberland DRW.<\/p>\n<p>Max Minton, head of Goldman Sachs&#8217; digital assets in the Asia-Pacific region, noted growing institutional demand in the space.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;[NDFs] broaden our capabilities in cash-settled cryptocurrency instruments,&#8221; he said.<\/p>\n<\/blockquote>\n<p>To test hedging methods, the bank offered bitcoin derivatives to clients in April without prior notice. <a href=\"https:\/\/www.coindesk.com\/goldman-sachs-offering-bitcoin-derivatives-to-investors-report\">Coind<\/a><a href=\"https:\/\/www.coindesk.com\/goldman-sachs-offering-bitcoin-derivatives-to-investors-report\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">e<\/a><a href=\"https:\/\/www.coindesk.com\/goldman-sachs-offering-bitcoin-derivatives-to-investors-report\">sk<\/a> reported, according to an informed source.<\/p>\n<p>Earlier Forklog wrote that Goldman Sachs <a href=\"https:\/\/u1f987.com\/en\/news\/media-goldman-sachs-to-resume-cryptocurrency-operations-and-study-launch-of-bitcoin-etf\">will resume cryptocurrency operations<\/a>, expanding its range of instruments, including NDFs.<\/p>\n<p>On May 6, 2021, the investment bank <a href=\"https:\/\/u1f987.com\/en\/news\/goldman-sachs-leads-15-million-series-b-round-for-coin-metrics\">led a funding round<\/a> for the analytics firm Coin Metrics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investment bank Goldman Sachs launched non-deliverable forwards (NDFs) based on Bitcoin with settlement in fiat currency.<\/p>\n","protected":false},"author":1,"featured_media":42059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[728],"class_list":["post-42058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-goldman-sachs"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42058"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42058\/revisions"}],"predecessor-version":[{"id":42060,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42058\/revisions\/42060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42059"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}