One of the world’s largest investment banks Goldman Sachs began trading derivatives on Ethereum (ETH). It was reported by Bloomberg news agency.
According to Bloomberg, the company has executed its first non-deliverable forwards on ETH.
This trade will provide direct access to Ethereum for institutional investors.
The report says that Goldman Sachs’ counterparty in this transaction was the London-based financial firm Marex Financial.
Meanwhile, the total market capitalization of the cryptocurrency market fell below $1 trillion for the first time in 18 months.