Goldman Sachs Plans to Start Trading Ethereum Options, Futures

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The Wall Street giant is getting ready to move beyond Bitcoin. Futures contracts in crypto are deals that let people buy cryptocurrencies at a predetermined date in the future. They are bets on the future price of the crypto asset; for example, if you think that the price of Ethereum will go up, snapping up futures at today’s price of $2,560 could net you a profit. Futures contracts are often bought and sold like any market-traded asset because the difference between the contract price at the time of signing and the real market price at that given future date offers a betting opportunity. The Ethereum futures market record a daily volume of $23.9 billion, as per data from market analytics firm Skew.source