Goldman Sachs Explores Offering New Options for Cryptocurrencies

Goldman Sachs Group Inc. is exploring offering over-the-counter bilateral crypto options, signaling the bank’s deepening participation in helping institutions trade digital-currency derivatives.

The powerhouse is among a few Wall Street banks at the early stage of exploring such offerings, according to people with knowledge of the matter, asking not to be identified discussing private information. The so-called bilateral options allow trades to be customized so that crypto holders such as hedge funds and Bitcoin miners can hedge risks or boost yields.

The market for these options, still in its infancy, has been dominated by crypto-native firms such as Genesis Global ...