Two of the world’s most prominent financial institutions, DBS and Goldman Sachs (GS), said they executed the first-ever over-the-counter (OTC) cryptocurrency options trade between banks, marking a major step toward institutionalizing digital assets in Asia. The trade involved cash-settled bitcoin (BTC) and ether (ETH) options, allowing the banks to hedge exposure tied to crypto-linked products, the companies said in an email. Such transactions mirror practices long common in traditional finance, offering ...

Crypto markets face $5.3 billion options expiry. | Credit: Photo by Spencer Platt/Getty Images. Key Takeaways $4.3 billion worth of Bitcoin options exhibit a 1.12 put/call ratio, signaling expectations of a price decline. Call options are bets that the price will go up (bullish); put options are bets that the price will go down (bearish). Historical trends indicate short-term market drops post-expiry, but Uptober could soften the bearish lean. A massive $5.3 billion in Bitcoin (BTC) and Ethereum ( ...