Goldman Sachs Executes Bank's First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable Option – Finance Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Goldman Sachs Group Inc. executed its first OTC crypto transaction in the form of a bitcoin non-deliverable option (NDO).

Galaxy Digital’s Head of Global Markets Believes ‘Transaction Will Open the Door for Other Banks’

As far as the OTC crypto settlement operation with Galaxy, Goldman executive Max Minton says the executed transaction is a milestone. In a press statement Minton said: This is an important development in our digital assets capabilities and for the broader evolution of the asset class. The announcement notes that Galaxy helped Goldman Sachs facilitate its first CME Group Inc. Bitcoin Futures transaction last year. Galaxy’s founder, Mike Novogratz, is a firm believer in the crypto economy, and in an interview published on Tuesday, he: “bitcoin is a lifeline to people in countries with really poor stewardship of the economy.” Damien Vanderwilt, co-president and head of global markets at Galaxy Digital, thinks the transaction with Goldman Sachs will open new doors.

“[We] expect the transaction to open the door for other banks considering OTC as a conduit for trading digital assets,” Vanderwilt said in a statement. “Goldman’s continuing trust in us is a testament to Galaxy’s expertise and ability to meet the evolving demands by institutions as crypto solidifies itself as the fifth asset class.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

 Gravis Finance will complete an IDO on AXL on the 25th of March 2022! Gravis_Finance - unique ecosystem that unites DeFi with Gmart NFT marketplace for in-game assets and the highly anticipated online game – Evervoid.   gammarosigma $AXL $GRVS

BTC so hot right now 💕💕💕

You guys been reporting this since morning. It’s worthless news.

Hey guys you looking for a game platform where you can play to earn? RubyPlayNetwork got you, spin and earn $Ruby token now! Play2Earn NFTgame P2EGame

Good to see the Bitcoin chart playing out well so far, but we simply need to hold above $43,000 to remain short term bullish Everyone needs to be following _btcbar she is a super underrated bitcoiner I’ve been taking her tweets and tips seriously & I’ve added to my hodl

Only 0.35 ETH

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cryptocurrency market down overall heading into Monday morningBitcoin was trading above $41,000 early Monday morning as the cryptocurrency market was down overall.
Source: FoxBusiness - 🏆 458. / 53 Read more »