{"id":23294,"date":"2022-04-06T11:47:48","date_gmt":"2022-04-06T10:47:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=23294"},"modified":"2022-04-06T11:48:02","modified_gmt":"2022-04-06T10:48:02","slug":"goldman-sachs-offer-otc-ethereum-option-trading","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/goldman-sachs-offer-otc-ethereum-option-trading\/","title":{"rendered":"Goldman Sachs To Offer OTC Ethereum Options Trading To Clients"},"content":{"rendered":"\n
Goldman Sachs has announced that it will offer its clients Ethereum (ETH)<\/a> over-the-counter (OTC) options trading. Client interest in the token is growing, according to the investment bank, as it prepares to switch to a proof-of-stake (PoS) model.<\/h5>\n\n\n\n
\"Goldman
Goldman Sachs To Offer OTC Ethereum Options Trading To Clients<\/figcaption><\/figure><\/div>\n\n\n\n

The move comes after the bank completed an OTC options trading for Bitcoin (BTC), a first for a major Wall Street bank, just a few weeks ago. The transaction was made through Galaxy Digital, a digital fund manager that is the largest source of liquidity for Goldman Sachs' crypto products.<\/p>\n\n\n\n

According to a report, the bank's global head of crypto trading, Andrei Kazantsev, announced the decision during a customer webcast. The investment bank intends to launch the product “in due time,” he said.<\/p>\n\n\n\n

As the world's second-largest cryptocurrency transitions to a PoS architecture, client interest appears to be shifting. From an investment standpoint, the move would make the token significantly more approachable.<\/p>\n\n\n\n

Large transactions are common in OTC trades, which are oriented toward institutional traders. The bank's move into OTC crypto<\/a> options reflects the increased interest in cryptocurrency among large trading firms, which make up the majority of Goldman's clientele.<\/p>\n\n\n\n

The bank does not provide spot cryptocurrency trading\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, but it does provide access to crypto ETFs and options trading. Rather than holding tokens directly, institutional traders prefer to invest in crypto through a proxy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs has announced that it will offer its clients Ethereum (ETH) over-the-counter (OTC) options trading. Client interest in the token is growing, according to the investment bank, as it prepares to switch to a proof-of-stake (PoS) model. The move comes after the bank completed an OTC options trading for Bitcoin (BTC), a first for […]<\/p>\n","protected":false},"author":36,"featured_media":23295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23,21],"tags":[128,537,8705],"class_list":["post-23294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","category-news","tag-ethereum","tag-goldman","tag-option"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Goldman-Sachs.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23294","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\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=23294"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/23295"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=23294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=23294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=23294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}