🏦 Goldman Sachs CFO says bank is working on Bitcoin derivative for clients

Goldman Sachs Chief Financial Officer Martin Chavez called a report that the bank was ditching plans to launch a cryptocurrency trading desk "fake news." Chavez says the bank is working on a Bitcoin ($BTC) derivative known as a "non-deliverable forward," because of demand from clients. He looked to knock down the report about the banking dialing back plans, but also make clear that there's never been a timeline for this effort.