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Nomura begins offering Bitcoin OTC derivatives to clients in Asia

Japanese investment bank Nomura said on Twitter Friday that it has begun offering over-the-counter Bitcoin derivatives contracts to its clients in Asia out of Singapore. “We have launched #Bitcoin OTC #derivatives with Bitcoin non-deliverable forwards and non-deliverable options for clients in #Asia out of Singapore. We also executed our first Bitcoin #futures and #options trades this week on @CMEGroup with @CumberlandSays,” Nomura said in the post. CME Group is the world’s biggest financial derivatives exchange, while Cumberland DRW is a …

Goldman Sachs to offer over-the-counter ETH options

Quick Take Goldman Sachs will roll out over-the-counter ETH options as part of the company’s continuing expansion into the crypto market. Last month, it launched an OTC Bitcoin options trading product.   Goldman Sachs is gearing up to offer over-the-counter (OTC) ether options trading following its first successful OTC crypto transaction last month, according to head of crypto trading Andrei Kazantsev, who made the comments during a Goldman client webinar seen by Bloomberg. Kazantsev didn’t offer a definite date for …

Wintermute launches institutional crypto OTC trading platform

Quick Take The platform expands upon Node’s OTC API and will enable big-money players to trade digital assets and their derivatives. Wintermute is one of the few FCA-registered crypto market-makers. Crypto market-maker Wintermute has launched Node, an over-the-counter (OTC) platform for institutional clients and qualified investors to trade digital assets and their derivatives. Wintermute Node is an extension of the company’s OTC API product launched in June 2021 that functioned as a liquidity delivery mechanism for digital asset trading. The …

Blockchain.com’s crypto OTC trading desk acquisition closed at $250 million: source

Last week, crypto exchange and wallet service Blockchain.com announced the acquisition of Altonomy’s over-the-counter trading desk. A source with knowledge of the process told The Block that the deal topped $250 million in a transaction involving both cash and stock. Such a deal exceeds the value of past acquisition deals in the crypto space, including FTX’s $150 million acquisition of Blockfolio and Coinbase’s reported acquisition of prime brokerage Tagomi, said to have weighed in at around $90 million. The deal …