Goldman Sachs Makes the First OTC Bitcoin Trade
$Goldman Sachs(GS.US$ executed its first over-the-counter (OTC) crypto trade through its trading partner $Galaxy Next Generation, Inc.(GAXY.US$ his is the first such transaction by a major U.S. bank.
The $Bitcoin(BTC.CC$ trade executed by Goldman is a non-deliverable option (NDO), also known as a cash-settled option. This means that when the option is settled, instead of receiving Bitcoin, the option-holder is given its cash value.
Do you think this will allow banks to open more bitcoin transactions?
The $Bitcoin(BTC.CC$ trade executed by Goldman is a non-deliverable option (NDO), also known as a cash-settled option. This means that when the option is settled, instead of receiving Bitcoin, the option-holder is given its cash value.
Do you think this will allow banks to open more bitcoin transactions?
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