RATE Group | Goldman Sachs Ethereum Futures a Real Possibility in Launching an ETH NDF for Clients
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Goldman Sachs Ethereum Futures a Real Possibility in Launching an ETH NDF for Clients

27 Sep Goldman Sachs Ethereum Futures a Real Possibility in Launching an ETH NDF for Clients

Posted at 22:58h in Ethereum News by

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[Insider Newsflash]: Goldman Sachs Ethereum Futures a Real Possibility in Launching an ETH NDF for Clients

Goldman Sachs and Ethereum Are Teaming Up to Launch an ETH NDF

A new report online suggests that Goldman Sachs is teaming up with Ethereum to launch a Non-Deliverable Forward (NDF) investment product based on ETH futures.

The report comes from TheICOJournal, which has developed a habit for writing inventive stories filled with unnamed sources. If you take the report at face value, however, then it seems that “several sources” have confirmed the news that Ethereum and Goldman Sachs are teaming up to launch an NDF.

A non-deliverable forward is an outright forward or futures contract where counterparties settle the difference between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount. It’s used in various markets, including foreign exchange and commodities markets.

The ICO Journal claims that Goldman Sachs is already offering a bitcoin NDF to clients. As far as we can tell, that’s not public knowledge, and there’s no…

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