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Goldman Sachs makes first over-the-counter crypto options trade as Wall Street piles into digital assets

Goldman, which teamed up with Galaxy Digital to execute the trade, has been early in developing crypto offerings for clients

Goldman Sachs’ cryptocurrency trading desk, first set up in 2018, initially traded in CME bitcoin futures and non-deliverable forwards
Goldman Sachs’ cryptocurrency trading desk, first set up in 2018, initially traded in CME bitcoin futures and non-deliverable forwards Photo: Amir Hamja/Getty Images

Goldman Sachs executed the first over-the-counter crypto transaction by a major Wall Street bank, its partner Galaxy Digital said.

The trade marks the two firms' aims to "deepen its crypto capabilities", Galaxy said in a 21 March statement.

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