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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Goldman Sachs Expands Cryptocurrency Trading Desk With Ether Futures and Options

Goldman Sachs Expands Cryptocurrency Trading Desk With Ether Futures and Options

Investment bank Goldman Sachs has reportedly unveiled its plans to expand its cryptocurrency desk to offer ether futures and options trading. The bank says “institutional adoption will continue,” noting that “Despite the material price correction, we continue to see a significant amount of interest in this space.”

Goldman Sachs Gets Ready to Offer Ether Futures and Options Trading

Goldman Sachs’ head of digital assets, Mathew McDermott, has reportedly revealed that the global investment bank plans to offer futures and options trading in ether (ETH) in the coming months, Bloomberg reported Monday.

McDermott said in a phone interview with the publication Thursday:

We’ve 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, especially from a retail perspective.

The executive additionally said that Goldman Sachs plans to offer the trading of bitcoin exchange-traded notes.

Goldman Sachs formally established a cryptocurrency trading team in early May after seeing huge institutional demand for cryptocurrency. The investment bank also recently said that bitcoin is now a new asset class. In May, the firm led the $15 million investment into crypto data provider Coin Metrics. McDermott added, “We are looking at a number of different companies that fit into our strategic direction.”

Goldman Sachs has said on several occasions that institutional interest in bitcoin has been growing significantly. In a survey of 850 institutions last week, the bank found that almost one in 10 respondents are trading cryptocurrencies and 20% are interested in the asset class.

McDermott further detailed:

Institutional adoption will continue. Despite the material price correction, we continue to see a significant amount of interest in this space.

What do you think about Goldman Sachs offering ether options trading? Let us know in the comments section below.

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