Goldman Sachs launches Bitcoin derivatives – but only for a special few

According to a direct source, investment banking Goliath Goldman Sachs is launching Bitcoin derivatives, reports The Block. It has been confirmed that Goldman Sachs has been signing up a few select clients to its “Bitcoin non-deliverable forward contracts.” That’s fancy banker speak for a type of derivative. For the uninitiated, a derivative is a financial security, the value of which is derived from an underlying asset. Typically, derivatives are a type of futures contract between two parties to sell an asset once it reaches an agreed price. Unlike a futures contract though, derivatives are not traded on an exchange. Imagine…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

from LatestTechyTalks