It’s ok about that Bitcoin ETF could not pass, Goldman Sachs will launch Ethereum NDF

Just as Circle introduced stable coins, public opinion focused on Goldman Sachs.

There are too many topics about Goldman Sachs. Yesterday, Goldman Sachs revealed through the media that the upcoming ETH coin NDF.

First popularize, what is NDF?

Non-deliverable Forwards (NDF) is a non-deliverable forward trading contract. NDF is generally used by banks or exchanges as an intermediary. The supply and demand sides sign non-based on the difference in the rise and fall in a certain period of time. The delivery of the forward trading contract, the contract determines the proportion of the long-term ups and downs, the contract is only required to settle the difference between the price and the actual price difference, without the need to deliver the NDF’s principal.

The duration of NDF is generally between several months and several years, and the main trading varieties are one-year and one-year varieties.

In fact, on September 7, Goldman Sachs chief financial officer Martin Chavez made it clear at the TechCrunch conference that the company’s customers have been asking them to cancel the bitcoin futures contracts offered by the exchange, which Goldman Sachs has been working on since May. In addition, customers also hope that Goldman Sachs can provide liquidity and Bitcoin currency derivatives that are traded on the basis of futures contract principles. The next step will be the non-deliverable forward futures (NDF). The contract offered by Goldman Sachs will be settled in US dollars and will refer to Bitcoin price usd. The company is currently working on the clearing of Bitcoin futures because institutional customers need to actually hold Bitcoin.

This sounds like that customers think Bitcoin futures are boring and change the pattern, such as NDF. The customer is God, Goldman Sachs thinks that God is open, and hurry up and live.

How, it sounds good, the investment pattern is more, the currency circle will be more lively. But when did the NDF launch, whether it was launched separately or jointly, what did Goldman Sachs reveal? I will recently integrate Goldman Sachs’ information on the launch of NDF as follows:

1. Ultra-high-net-worth investors (UHNW level) are increasingly interested in digital currency futures, and have quietly assured customers that the Ethereum NDF will be launched in early 2019.

2. Goldman Sachs has provided interested customers with the access they want and is expected to be released in early 2019.

3. Goldman Sachs made this decision in order to more satisfy customers’ investment needs for digital currency assets.

Intrinsic value, customer requirements, and regulatory compliance keywords are constantly being reused in messages.

In fact, Goldman Sachs is very agile in this field, try not to let competitors surpass. Citigroup, Morgan Stanley, Bank of America and others work overtime to get to where Goldman Sachs has arrived.

Adding Ethereum NDF will widen the gap with competitors. If Goldman Sachs can find the right method and master the opportunity to release the Ethereum NDF, it will soon be able to cover more UHNW-level investment customers, making Goldman Sachs the leader of Ethereum price.

Bloomberg reported earlier that Goldman Sachs is considering providing digital money fund custody services, which will enable the purchase of futures funds and other products, thereby reducing the relative risks of investors and reducing losses. However, Goldman Sachs is still in the review stage and has not confirmed the specific launch time.

In fact, the establishment of futures trading, fund custody business, will bring many other related large-scale economic services, no matter from which point of view, can bring benefits, so it is not surprising that Goldman Sachs timely added Ethereum NDF futures.