Galaxy Executed Its First OTC Options Trade as Demand for On-Chain Options Ramps Up

05/19 03:01

According to Coindesk, Galaxy Digital’s first over-the-counter (OTC) option trade, executed earlier this week, marks a tangible step toward bringing the conventional financial system onto decentralized finance (DeFi) infrastructure. Galaxy said in a statement that recent market events have highlighted the vulnerabilities of traditional bilateral options trading. “One thing that 2022 has told us is that DeFi performed exceedingly well while CeFi and some traditional methodologies for transacting had some challenges,” Jason Urban, Galaxy’s global head of trading, said in an interview this week. Ribbon Finance’s options trading platform, Aevo, executed the Galaxy trade with crypto investment company CoinFund.
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DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

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