Morgan Stanley Further Dives Into Crypto With Bitcoin Swap Trading Product

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Thu, 09/13/2018 - 13:10
Alex Dovbnya
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
Cover image via U.Today

 

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.”
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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