Skip to content
Markets
Crypto

Goldman Sachs Explores Offering New Options for Cryptocurrencies

  • Discussions on the bilateral OTC options are at early stage
  • Goldman already offers Bitcoin, Ether options and futures
Goldman Sachs headquarters in New York.

Goldman Sachs headquarters in New York.

Photographer: Victor J. Blue/Bloomberg
From

Goldman Sachs Group Inc. is exploring offering over-the-counter bilateral crypto options, signaling the bank’s deepening participation in helping institutions trade digital-currency derivatives. 

The powerhouse is among a few Wall Street banks at the early stage of exploring such offerings, according to people with knowledge of the matter, asking not to be identified discussing private information. The so-called bilateral options allow trades to be customized so that crypto holders such as hedge funds and Bitcoin miners can hedge risks or boost yields.