Goldman Sachs Makes Its First Over-the-Counter Crypto Transaction, Here's What It Means

ICYMI: Goldman Sachs makes its first OTC deal Bitcoin $BTC

. One of the largest banks in the country has traded Bitcoin-linked non-deliverable options with Galaxy Digital.

A transaction is considered as an enormous step toward further adoption of cryptocurrencies as a type of asset by large institutions like Goldman. The company has already been trading crypto-related assets like exchange-based CME Group Bitcoin products, but in this case, it acted as a principal in the transaction. According to Galaxy Digital co-president Damien Vanderwilt, the OTC trade represents the first step that the bank took to offer customizable exposure to the crypto

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