Goldman Sachs' digital asset trading division has executed the first over-the-counter (OTC) crypto trading in the form of undeliverable Bitcoin options, according to the announcement of partner Galaxy Digital. The bank has added another digital asset VP to the team led by Matthew McDermott.
According to the company, this is the first OTC crypto trading by a major US bank and can be seen by institutional investors as a sign of maturity in the asset class. Damian Vanderwirt, Co-President and Head of Global Markets at Galaxy Digital, said: In the statement.
After reopening the Bitcoin trading table in March last year, it's time for investment banking giants to dive deep into cryptocurrencies.
Earlier this month, The Block reported that Goldman Sachs was connecting its clients to Galaxy Digital's ETH fund. We are also increasing our investment in this area. For example, we participated in cryptobank Anchorage's $ 350 million Series D funding round in December.