Goldman Sachs expands institutional crypto offering with bilateral options: Bloomberg

As part of its overall effort to expand into the cryptocurrency space, Goldman Sachs (NYSE:GS) is considering offering institutions over-the-counter bilateral digital asset options, people with knowledge on the matter told Bloomberg Wednesday. Bilateral crypto options are customizable derivatives that enable digital asset holders to hedge risk or boost yields. The commercial bank joins a raft of firms that have "dominated" the market for these options, including Galaxy Digital (OTCPK:BRPHF), Genesis Global Trading and DRW, Bloomberg noted. Looking at crypto prices, bitcoin (BTC-USD -6.3%) slides back under $40K per token and ethereum (ETH-USD -4.6%) falls to $2.6K. In July, Goldman Sachs offered European family office clients crypto exchange traded products