On Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it has conducted an over-the-counter (OTC) crypto transaction with the digital currency firm Galaxy Digital. Following the OTC settlement, the head of digital assets for Goldman Sachs’ Asia Pacific unit, Max Minton, said the firm was pleased to have executed the bank’s “first cash-settled cryptocurrency options trade with Galaxy.” Wall Street Giant Goldman Sachs Conducts Crypto OTC Transfer With Galaxy Digital According to a few reports and a press release , the Wall Street giant Goldman Sachs (NYSE: GS ) has completed an over-the-counter (OTC) cryptocurrency trade with Galaxy Digital, a crypto firm founded by Mike Novogratz in January 2018. Both firms are calling the transfer “a first-of-its-kind transaction by a major U.S. bank.” Essentially, the bank Goldman Sachs Group Inc. executed the first OTC crypto transaction in the form of a bitcoin non-del...
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