Morgan Stanley Further Dives Into Crypto With Bitcoin Swap Trading Product

  • Alex Dovbnya
    📰 News

    New York-based banking giant Morgan Stanley is mulling over offering Bitcoin swaps. Morgan Stanley will allow clients to go long or short, charging transaction costs


Morgan Stanley Further Dives Into Crypto With Bitcoin Swap Trading Product

 

According to Bloomberg, a New York-based banking giant Morgan Stanley is mulling over offering Bitcoin swaps. Morgan Stanley will allow its clients to go long or short, charging transaction costs. Thus, investors will have an opportunity to dip their toes in crypto without actually having to own digital assets.

An anonymous source states that the product is ready from a technical standpoint, but it will not be launched until institutional investors show more interest in crypto-related derivatives.

Back in January, Morgan started clearing Bitcoin futures contracts while its CEO James Gorman stated that Bitcoin was “not going away.”
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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