Galaxy Digital Launches OTC Derivatives Desk, Completes $10M Kalshi Trade With Arca

According to The Block, Galaxy Digital launched an over-the-counter (OTC) derivatives trading desk targeting hedge funds and family offices, completing its first trade—a $10 million Clarity Act contract on Kalshi with crypto hedge fund Arca. Galaxy acts as the primary market maker, providing Arca with two-way pricing and enhanced liquidity.

The service currently covers non-sports event contracts on Kalshi and Polymarket, spanning economic, political, and geopolitical markets. Galaxy also enables clients to hedge prediction market positions alongside stocks and commodities, allowing institutions to manage multi-asset risk exposure around single events.