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Goldman selecting customers for Bitcoin trading product.

Global Banking News-October 31, 2018--Goldman selecting customers for Bitcoin trading product

(C)2018 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 31 October 2018

Goldman Sachs (NYSE: GS) is believed to be selecting new customers for its bitcoin trading product that is to be launched soon.

Website, the blockcrypto.com, said that the firm has selected clients to actively trade the derivative, a non-deliverable forward. It is a cash-settled product that is comparable to a futures contract. However, it does not trade on an exchange.

At present, Bitcoin derivatives are available on several regulated US trading platforms.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Oct 31, 2018
Words:119
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