• About
  • Privacy Policy
  • Terms
  • Contact
Friday, January 27, 2023
Financial Eye News
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
Financial Eye News
No Result
View All Result

Goldman Sachs Executed Cash-Settled Bitcoin Options Trade – Reports

March 21, 2022
in Cryptocurrency
Reading Time: 1 min read
51 0
ADVERTISEMENT

Investment banking giant Goldman Sachs is “close to announcing” that it is the first major bank in the US to trade an over-the-counter (OTC) crypto transaction, per multiple reports. 

The bank traded a non-deliverable bitcoin (BTC) option – a derivative tied to the BTC price that pays out in cash – with crypto merchant bank Galaxy Digital, CNBC reported today citing a statement.

Crypto investors use options to hedge risks or boost yields, and OTC transactions tend to be larger, privately negotiated trades, tailored to each party’s needs.

The two firms are also cited as saying that Goldman is taking a greater risk by taking the role of a principal in this particular transaction than it did with the exchange-based CME Group bitcoin products that the bank previously started trading.

Bloomberg further quoted Galaxy co-president Damien Vanderwilt as saying that the firm expects the trade to “open the door for other banks considering OTC as a conduit for trading digital assets.”

____

 
– Goldman Sachs Leaves Russia, Reportedly Set to Increase Crypto Focus
– Goldman Sachs Claims Adoption Won’t Boost Crypto Prices, Talks Down Stablecoin Plans

– Bitcoin Could Reach USD 100K in Five Years If It Takes on Gold – Goldman Sachs
– Goldman Sachs Ultra-Rich Clients Send Bullish Crypto Signals

– Galaxy Digital To Acquire BitGo In a USD 1.2B Deal
– Bitcoin ‘Should Hold’ USD 40K, Says Novogratz. If Not – It’s a ‘Buying Opportunity,’ Argues Kraken CEO

Source: Crypto News

ADVERTISEMENT
Share6Tweet4Share1SendShareSend

Related Posts

Cryptocurrency

X-eleven’s Fintech for the Post-Fiat Era is Conquering the Market

December 5, 2022
Cryptocurrency

Top crypto tweets of the day – December 5th | Financial Eye Crypto

December 5, 2022
Cryptocurrency

Are Big Eyes Coin (BIG), Tora Inu (TORA), and Orbeon (ORBN) Diamonds In The Rough?

December 5, 2022
Cryptocurrency

Botched Bitcoin Experiment Using Chivo Wallet Cost El Salvador’s Taxpayers Over $20 Million – Report

December 5, 2022
Cryptocurrency

Siacoin (SC) Price Prediction 2023/2025/2030

December 5, 2022
Cryptocurrency

Financial Eye Strategist: “We’re in the Final Stages of This Bear Market for Cryptos”

December 5, 2022

Popular Stories

  • AIG to launch cut-price IPO of life and asset management unit

    48 shares
    Share 19 Tweet 12
  • EY boss targets $10bn boost from Silicon Valley tie-ups after break-up

    32 shares
    Share 13 Tweet 8
  • Tesla delays plan to restore Shanghai output to pre-lockdown levels -memo

    32 shares
    Share 13 Tweet 8
  • TV production giant Banijay to go public via Arnault-backed Spac

    30 shares
    Share 12 Tweet 8
  • Nio to Invest $32.8M Building R&D Labs in Shanghai By Financial Eye

    30 shares
    Share 12 Tweet 8
ADVERTISEMENT

Latest News

Taylor Swift Fans Sue Ticketmaster’s Parent Company

December 5, 2022

Fisker trades down following price cut at Citi By Financial Eye

December 5, 2022

UAW president faces run-off election as reformers make gains

December 5, 2022

Felipe Valls, 89, Whose Cuban Restaurant Became a Political Hub, Dies

December 5, 2022

Longroad buys 98-MW solar farm in California

December 5, 2022
Facebook Twitter LinkedIn

Financial Eye is one of the most trusted news sources for Financial News, global news and local USA news, we provide the news from the most trusted sources.

LEARN MORE »

Recent News

  • Taylor Swift Fans Sue Ticketmaster’s Parent Company
  • Fisker trades down following price cut at Citi By Financial Eye
  • UAW president faces run-off election as reformers make gains

Sections

  • Business
  • Climate
  • Commodities
  • Companies
  • Cryptocurrency
  • Cryptocurrency
  • Forex
  • Green Energy
  • Latest Financial News
  • News
  • Politics
  • Stock Market News
  • Technology
  • Videos

© 2022 Financial Eye News Media

No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • Videos

© 2022 Financial Eye News Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Subscribe To Our Daily News Round-Up.

The top ten most-read stories direct to your inbox

You have Successfully Subscribed!

You have Successfully Subscribed!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.