Goldman Sachs Makes First OTC Crypto Options Trade

The digital assets trading unit at Goldman Sachs has made the first-ever over-the-counter (OTC) crypto transaction in the form of a bitcoin non-deliverable option, according to a story in The Block news and an announcement by its partner Galaxy Digital. The company says this is the first OTC crypto transaction by a major bank in the US and could be seen as a sign of maturity of the asset class in the eyes of institutional players.