Goldman Sachs Launches Ether-Linked Derivative Instrument

US-based banking giant Goldman Sachs has decided to offer its derivative instrument Ether, which it previously released for Bitcoin, in order to minimize the investment risk in the cryptocurrency markets.

Goldman Sachs Launches Derivative Instrument Linked to Ether. US-based multinational banking giant Goldman Sachs has taken an important step for cryptocurrency investors. In a statement made today by Goldman Sachs, it has been decided to offer a derivative instrument for Ethereum after Wall Street banks refrain from investing directly in the cryptocurrency markets. The banking giant had previously decided to offer the same service for the leading cryptocurrency Bitcoin. This marks the first time the bank has executed a non-delivery futures transaction for Ethereum, a derivative that allows payment based on Ethereum's price. Thanks to this tool, institutional investors have the opportunity to invest without taking the risk of owning the token. On the other hand, Goldman Sachs stated that London-based Marex Financial company is on the opposite side of the agreement.