Goldman Sachs Partners Galaxy Digital Bitcoin Options Trade

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  • Goldman Sachs initiates its first bitcoin options trade with the help of Galaxy Digital.
  • The options trade was a non-deliverable, over-the-counter contract that allows the purchaser to cash-settle for price volatility in bitcoin.
  • Galaxy Digital and Goldman Sachs have a history of working together and it seems this relationship has more to come.

Goldman Sachs Group Inc lept into Bitcoin with their first over-the-counter, non-deliverable, options trade, which is a derivative of bitcoin that allows the purchaser of the option to profit in long or short-term price volatility of the underlying asset, as reported by Bloomberg.

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