DBS and Goldman Sachs complete first interbank OTC crypto options trade

The Development Bank of Singapore (DBS) and Goldman Sachs completed their first-ever over-the-counter (OTC) crypto options trade. The transaction involved trading cash-settled OTC Bitcoin and Ether options The transaction involved trading cash-settled OTC Bitcoin and Ether options. This will enable firms offering cryptocurrency-linked products to better manage the risk profile of their digital asset's exposures. The development shows a growing demand for cryptocurrency-linked products