Goldman Sachs, the Wall Street heavyweight, completed an over-the-counter (OTC) cryptocurrency-related trade with the digital-asset financial company Galaxy Digital, in a transaction that the firms are characterizing as a first.
- "This marks the first OTC crypto transaction by a major bank in the U.S. as Goldman Sachs continues expanding its cryptocurrency offerings, demonstrating the continued maturation and adoption of digital assets by banking institutions," Galaxy said.
- The deal represents the continuation of Galaxy's relationship with Goldman Sachs, according to the statement.
- Last June, Galaxy announced that it would serve as Goldman's liquidity provider for bitcoin futures block trades on the CME exchange.
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