Cryptocurrency (Mar 08, 2021 10:40AM ET)
40% of Goldman Sachs’ clients already have exposure to crypto, survey shows
American banking giant Goldman Sachs (NYSE:GS) has officially confirmed its plans to revive a cryptocurrency trading desk amid increasing demand from investors.
Matt McDermott, global head of digital assets for Goldman Sachs’ global markets division, announced that the company will provide access to CME Bitcoin (BTC) futures on its upcoming crypto platform. In a Friday Exchanges at Goldman Sachs podcast, the executive also noted that Goldman Sachs will offer crypto services with non-deliverable forwards, or NDFs, which are cash-settled, and usually short-term, forward contracts.