Goldman Sachs Working on Offering OTC Bilateral Crypto Options

Bhushan Akolkar
March 10, 2022
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Goldman Sachs

Wall Street banking giant Goldman Sachs is looking to further expand its crypto derivatives offerings. As per the Bloomberg report, Goldman is currently looking to explore over-the-counter bilateral crypto options.

This will make Goldman one of the first Wall Street giants to offer a wider range of crypto derivatives to institutional clients. These bilateral options basically allow the customization of trades so that crypto holders such as hedge funds as well as Bitcoin miners can hedge risks or boost yields.

The crypto options market is still in its early stage and dominated by a few players such as Galaxy Digital Holdings Ltd and Genesis Global Trading Ltd. On the other hand, Goldman already holds some experience in offering crypto derivative products as it has already offered BTC and ETH futures and options since the last year.

Interestingly, the news comes on the day as the Biden government signs the crypto executive order taking an accommodative stand on crypto assets. Furthermore, Andrei Kazantsev, Goldman’s global head of crypto trading, said last December that the bank is seeing increasing demand for crypto derivative-type hedging.

Goldman Sachs to Offer ETH Funds to Clients

In other news, Goldman Sachs has filed with the U.S. Securities and Exchange Commission (SEC) for offering Ether (ETH) funds to institutional clients via Galaxy Digital.

The amended Form D filing shows that “Goldman Sachs & Co. LLC will receive an introduction fee” for offering the ETH funds to clients.

So far, the Galaxy Institutional Ethereum Fund has sold more than $50 million to over 28 institutional clients. The minimum investment for the fund is currently at $250,000.

The recent accommodative stand by the U.S. government will encourage institutional players to join the crypto space. Besides, some regulations in this industry will provide a safe environment for these institutions. Thus, we can expect more liquidity to come to crypto going ahead.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.