Novogratz Helps Goldman Execute Over-the-Counter Crypto Options Trade

Goldman Sachs has executed its first over-the-counter crypto options trade with Galaxy Digital, marking a significant step for institutional investors in the crypto market. This cash-settled trade allows Goldman Sachs to engage in crypto without holding it directly, addressing regulatory concerns. The move is expected to encourage other traditional banks to enter the crypto space, potentially altering market dynamics and perceptions among regulators. Galaxy Digital sees this as an opportunity to expand the market and foster a cooperative yet competitive environment with traditional financial institutions.

How does the cash-settled nature of the product benefit Goldman Sachs?

What potential changes in regulatory perception might occur due to Goldman Sachs' involvement in crypto?