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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?
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