Goldman Sachs announce milestone over-the-counter crypto trade

Pushing further into the Crypto space, Goldman Sachs will be the first major US bank to trade Crypto over the counter. This is a significant move forward in the development of the crypto markets for institutional investors.

According to Galaxy Co-President Damien Vanderwilt,
"This trade represents the first step that banks have taken to offer direct, customizable exposures to the crypto market on behalf of their clients".

Goldman Sachs, Galaxy Digital announce milestone over-the-counter crypto trade

That Goldman, a top player in markets for traditional assets, is involved is a signal of the increased maturity of the asset class for institutional players.