GSR Completes First Options Transaction Tied to CoinDesk 20 Index

Crypto trading firm GSR has completed an options transaction based on the CoinDesk 20 (CD20) Index with asset manager St. Gotthard Wealth. The CD20 index was introduced earlier this year and measures the performance of the largest digital assets, similar to the SP 500 Index or Dow Jones Industrial Average for U.S. equities. The largest constituents of the CD20 are bitcoin, ether, SOL and XRP. GSR co-founder and co-CEO Rich Rosenblum said options are a powerful tool for managing risk and volatility, and the company is enthusiastic about continuing to play a central role in the expansion of this market.