Goldman Sachs has expanded its client-facing crypto offering with a derivatives product linked to ether (ETH).
Goldman has commenced a derivatives product linked to the price of ether.
The possibility of an ETH-linked derivative product was first mooted by the bank in June 2021.
This is was the first over-the-counter (OTC) non-deliverable forward (NDF) crypto trade on ether by Goldman.
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.