Two prominent investment banks, Goldman Sachs and Singapore’s DBS, have reportedly completed a groundbreaking over-the-counter (OTC) options trade involving cryptocurrencies. This trade encompassed cash-settled Bitcoin and Ether options.
According to an official statement, engaging in options trading enables more effective management of risk associated with cryptocurrency exposure, particularly as the appetite for crypto-linked products continues to rise.
In the first half of 2025, DBS reported that clients executed trades exceeding $1 billion in crypto options and structured notes, marking a significant 60% increase compared to the previous year.
Max Minton, the head of digital assets for Asia Pacific at Goldman Sachs, commented on the trade, stating, “This transaction marks a significant step toward establishing an interbank market for cash-settled OTC cryptocurrency options. We anticipate that this sector will experience sustained growth as institutional investors become more active participants.”