Goldman Sachs Explores Offering New Options for Cryptocurrencies

Goldman Sachs Group Inc. is exploring offering over-the-counter bilateral crypto options. The so-called bilateral options allow trades to be customized so that crypto holders such as hedge funds and Bitcoin miners can hedge risks or boost yields. Previously, DRW Holdings, a large trading firm, had begun offering OTC bilateral options trading services in cryptocurrencies, and DRW Holdings had executed Goldman Sachs' first cryptocurrency block trade last year.