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

Altszn.com by Altszn.com
May 18, 2023
in Blockchain, Crypto, DeFi, Web3
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Galaxy Digital Executed its First OTC Options Trade as Demand for On-Chain Options Ramps Up
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The ability to trade bilateral options tied to cryptocurrencies with Galaxy removes credit risk, which is normally associated with traditional OTC options trades, Galaxy said in a statement. This is because users send their collateral to a smart contract rather than to a counterparty, making the user less exposed to the counterparty and what they might be doing with one’s collateral.



Read More: www.coindesk.com

Tags: DeFiDemanddigitalexecutedGalaxyOnChainOptionsOTCrampsTrade
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