First Interbank OTC Crypto Options Trade Completed
DBS and Goldman Sachs have successfully completed the first-ever over-the-counter (OTC) cryptocurrency options trade between two banks. The involvement of two trusted, well-capitalised banks in this pioneer transaction marks a new milestone in the maturation of digital assets in the region. It also demonstrates how the ecosystem is increasingly adopting risk management best practices that form the bedrock of traditional asset classes.
The transaction between DBS and Goldman Sachs involved trading cash-settled OTC Bitcoin and Ether options. Such trades enable firms which offer cryptocurrency-linked products to better manage the risk…
