{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=IT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Goldman+Sachs+plans+to+launch+Ether+products+soon&text=According+to+the+head+of+digital+currencies+for+US+bank+Goldman+Sachs%2C+the+firm+plans+to+launch+Ether+derivatives+in+the+next+few+months.&text=Goldman+Sachs+is+reportedly+planning+to+offer+Ether+derivatives+as+a+product+in+the+next+few+months+as+part+of+the+greater+adoption+of+cryptocurrency.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0ADespite+the+investment+bank%27s+initial+critical+approach+to+the+cryptocurrency+industry%2C+it+is+now+looking+to+offer+services+of+digital+products+to+customers%2C+including+the+second+leading+cryptocurrency+as+part+of+Ether+options+and+futures.+Speaking+with+Bloomberg%2C+Goldman%E2%80%99s+managing+director+of+digital+assets+Mathew+McDermott+noted+that+the+demand+for+cryptocurrencies+has+continued+to+increase+even+though+the+market+has+faced+a+wave+of+dipping+prices.+He+%3Ca+href%3D%22https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2021-06-14%2Fgoldman-expands-in-crypto-trading-with-plans-for-ether-options%22%3Esaid%3C%2Fa%3E%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%22%3Cem%3EWe%E2%80%99ve+actually+seen+a+lot+of+interest+from+clients+who+are+eager+to+trade+as+they+find+these+levels+as+a+slightly+more+palatable+entry+point.+We+see+it+as+a+cleansing+exercise+to+reduce+some+of+the+leverage+and+the+excess+in+the+system%2C+especially+from+a+retail+perspective....%22%3C%2Fem%3E%0A%3Ch2%3EInstitutional+intrigue+in+the+cryptocurrency+market%3C%2Fh2%3E%0AHe+continued+to+speak+about+institutional+investment%2C+offering%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%22Institutional%3Cem%3E+adoption+will+continue.+Despite+the+material+price+correction%2C+we+continue+to+see+a+significant+amount+of+interest+in+this+space.%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%3Cdiv+class%3D%22inline-newsletter-bottom+paywall%22%3EThe+intrigue+is+backed+up+by+research+from+the+firm+too%3A+Of+850+institutions+surveyed+about+the+cryptocurrency+market%2C+almost+10%25+said+that+they+were+already+trading+cryptocurrency+while+20%25+are+interesting+in+becoming+more+involved+in+the+market.%3C%2Fdiv%3E%0A%3Cdiv%3E%3C%2Fdiv%3E%0A%3Ch2%3EGoldman+Sachs+furthering+crypto+efforts+internally+and+externally%3C%2Fh2%3E%0ANot+only+has+the+institutional+interest+been+experienced+from+outside+the+firm%2C+but+Goldman+itself+has+been+expanding+its+cryptocurrency+investment+too.+Over+the+past+year%2C+the+digital+assets+department+has+grown+from+4+people+to+a+team+of+17+in+the+firm.+The+bank+has+also+invested+in+several+cryptocurrency+start-ups%2C+like+putting%C2%A0%245+million+USD+into+a+fundraising+round+by+Blockdaemon.+Just+last+month%2C+the+bank+also+led+a+%2415+million+USD+investment+into+Coin+Metrics+with+McDermott+joining+the+company%27s+board.","timeout":15}