A First-Ever Over-the-Counter Transaction On a Major U.S. Bank

Cryptocurrencies are now getting huge attention these past few years. Last year, NFTs made a significant impact on investors and art collectors.

Last Monday, an over-the-counter digital currency transaction was made with an investment banking company, Goldman Sachs. The major U.S. bank performed a non-deliverable option for Bitcoin, settled with cash of the contract’s maturity.

The announcement was made in a press release by Galaxy Holdings Digital, a financial services company for digital currencies, stating that both companies have worked together in doing the transaction.

Sources

• Goldman’s first over-the-counter crypto trade shows how digital currencies went from reject to hottest asset class on Wall Street