- CoinSnacks
- Archive
- Page 22
Archive
DealsDeals
Goldman Sachs, Galaxy Digital Announce Milestone OTC Crypto Trade
The Wall Street giant bought an OTC Bitcoin non-deliverable option (NDO) from Mike Novogratz’s Galaxy Digital (GLXY). While an OTC Bitcoin NDO sounds complicated, it essentially means Goldman Sachs bought a contract betting on the future price of Bitcoin – rather than actually buying the digital asset itself.
CoinSnacks
Stablecoins Shine as Safe Haven Crypto Assets
In recent months, BTC hasn’t acted as a safe haven asset at all, having tracked more closely with risk-on assets, like tech and growth stocks. This could evolve with BTC decoupling from traditional markets and maturing into a safe-haven asset, but for now, a different crypto asset is fulfilling that role: stablecoins.
CoinSnacks