Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption

Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption
Goldman Sachs, the Wall Street heavyweight, says the next major development for cryptocurrencies will be more liquid options markets as more traditional financial firms pile into the rapidly growing asset class.“We are seeing a lot of demand for more derivative-type hedging,” Andrei Kazantsev, Goldman’s global head of crypto trading, said Thursday during a CoinDesk-hosted panel discussion. “The next big step that we are envisioning is the development of options markets.”Kazantsev described cryptocurrency derivatives as being in the “infancy of product scope” when compared with more traditional markets such as equities or foreign exchange.The bitcoin options market has already been seeing…