Global investment banking giant Goldman Sachs has announced plans to offer over-the-counter (OTC) ETH options trading, said the global head of crypto trading at the bank, Andrei Kazantsev.
During a recent Goldman client webinar Andrei said that the bank will launch cash-settled Ether trading options “in due course”.
The second largest currency has seen growing interest from clients, said Andrei. The increasing interest in Ethereum could be attributed to its upcoming shift from proof-of-work to proof-of-stake mechanism.
George Lewin-Smith, an associate on the bank’s digital-asset team, said that institutional clients have started seeing Ether as “more of an investable asset class”.
The Wall Street giant started offering OTC Bitcoin trading options very recently. The move was made possible by partnering with a crypto merchant bank, Galaxy Digital.
Goldman Sachs also provides its clients access to European and Canadian exchange-traded products that can be used as a proxy.
