Goldman Sachs, a U.S-based banking giant recently started offering a new derivatives product to Wall Street investors.

The new product is a Bitcoin- backed non-deliverable forward contract that relies on CME Group’s Bitcoin futures to shield against the volatility of cryptocurrencies.

This will be achieved through block trades on the Chicago Mercantile futures exchange with Cumberland DRW as Goldman’s partner.

Author: mBRzeVZxHo

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