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Wednesday 6th of April 2022 12:46:16 PM

Goldman Sachs plans to offer OTC Ethereum options trading as client interest gains: Bloomberg

Fraud Charge Against Goldman Sachs Takes Toll On Market Indices Chris Hondros/Getty Images News
  • Amid rising client interest in Ethereum (ETH-USD), Goldman Sachs (NYSE:GS) is looking to offer over-the-counter ETH options trading, Bloomberg reported Tuesday, citing Andrei Kazantsev, global head of crypto trading at Goldman, in a webinar.
  • As part of its efforts to expand further into the decentralized space, Goldman Sachs (GS) is planning to launch cash-settled ETH options "in due course," Kazantsev added. Recall in March when Goldman sought to include bilateral crypto options to its product offering.
  • Note that the U.S. lender does not offer spot crypto trading, though it enables access to European and Canadian exchange-traded products that can be used as a benchmark, Bloomberg reported, citing George Lewin-Smith, an associate on Goldman's digital-assets team, in the webinar.
  • Meanwhile, ethereum (ETH-USD -7.0%) and a raft of major cryptos are falling intraday.
  • Previously, (March 21) Goldman Sachs and Galaxy Digital executed first OTC crypto trade.

GS

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