DBS and Goldman Sachs execute first-ever crypto options trade between banks
Crypto Briefing
DBS and Goldman Sachs completed the first-ever cash-settled crypto options trade between two banks.Summary
DBS, a Singapore-based bank, and Goldman Sachs successfully executed the first-ever cryptocurrency options trade conducted between two banks. This transaction involved cash-settled, over-the-counter options for both Bitcoin and Ether. The interbank trade signals growing confidence among major financial institutions in utilizing crypto derivatives for hedging and risk management purposes. Goldman Sachs has been actively expanding its crypto derivatives offerings to hedge fund clients, and this collaboration aligns with broader institutional trends as banks establish dedicated crypto trading desks to cater to major investors.
(Source：Crypto Briefing)