{"id":20556,"date":"2022-03-10T11:27:31","date_gmt":"2022-03-10T10:27:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=20556"},"modified":"2022-03-10T11:27:41","modified_gmt":"2022-03-10T10:27:41","slug":"goldman-sachs-is-developing-otc-bilateral-crypto-options","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/goldman-sachs-is-developing-otc-bilateral-crypto-options\/","title":{"rendered":"Goldman Sachs is developing OTC bilateral crypto options"},"content":{"rendered":"\n
Goldman Sachs, the Wall Street banking giant, is looking to expand its crypto derivatives services. According to a Bloomberg story, Goldman Sachs is investigating over-the-counter bilateral crypto options<\/a>.<\/h5>\n\n\n\n
\"Goldman<\/figure><\/div>\n\n\n\n

This will make Goldman one of the first Wall Street titans to offer institutional clients a larger choice of crypto derivatives. These bilateral options essentially allow crypto holders, such as hedge funds and Bitcoin miners, to customize trades in order to hedge risks or improve yields.<\/p>\n\n\n\n

The crypto options market is still in its inception, with only a few major firms such as Galaxy Digital Holdings Ltd and Genesis Global Trading Ltd dominating. Goldman Sachs, on the other hand, already has some expertise with crypto derivatives<\/a>, having sold BTC and ETH futures and options since last year.<\/p>\n\n\n\n

Surprisingly, the announcement comes on the same day that President Biden issues a crypto executive order<\/a> that takes a more lenient stance on crypto assets. In addition, Goldman's global head of crypto trading, Andrei Kazantsev, stated\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in December that the bank is seeing an increase in demand for crypto derivative-type hedging.<\/p>\n\n\n\n

\u00a0Goldman Sachs to offer Ethereum Funds to Clients<\/strong><\/h4>\n\n\n\n

In related news, Goldman Sachs has filed a registration statement with the Securities and Exchange Commission (SEC) to provide Ether (ETH) funds to institutional clients through Galaxy Digital.<\/p>\n\n\n\n

“Goldman Sachs & Co. LLC will receive an introduction fee” for offering the ETH funds to clients, according to the updated Form D filing.<\/p>\n\n\n\n

The Galaxy Institutional Ethereum Fund has raised over $50 million from over 28 institutional investors so far. The fund's minimum investment is presently $250,000.<\/p>\n\n\n\n

The US government's current lenient stance will encourage institutional players to enter the crypto market. Furthermore, various business laws will offer a secure atmosphere for these institutions. As a result, we should expect additional liquidity to enter the crypto market in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs, the Wall Street banking giant, is looking to expand its crypto derivatives services. According to a Bloomberg story, Goldman Sachs is investigating over-the-counter bilateral crypto options. This will make Goldman one of the first Wall Street titans to offer institutional clients a larger choice of crypto derivatives. These bilateral options essentially allow crypto […]<\/p>\n","protected":false},"author":32,"featured_media":20557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[5555,6335],"class_list":["post-20556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-ethereum-3","tag-goldman-sachs-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/goldman-sachs.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=20556"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/20557"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=20556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=20556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=20556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}