Goldman Sachs eyes Ethereum

One of the biggest investment banks, Goldman Sachs, is planning to launch an OTC (over-the-counter) Ether option trading. Reportedly they decided for this because of growing interest from their clients for the second biggest cryptocurrency. Company has also added that clients are rather switching to Ethereum than to Bitcoin, which makes it a more attractive investment opportunity. Ethereum developers plan to accomplish network migration to the Proof of Stake consensus mechanism no later than this summer.

Goldman Sachs has around 3 million customers, and each one of them is required to have minimum 10 million dollars in investable assets. This means that when Goldman Sachs will start offering Ethereum, it can be expected that the capital inflows in Ether will be significant. What is also good about this is that being financial derivatives, clients have an option to buy or sell (predict on the price rise or price fall). However, this being OTC trades, they are executed privately and happen outside of exchanges. If we put it simpler, trades happen as direct transaction between two parties, without anyone else knowing. Meaning, it will not be able to be tracked by outside sources.

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