Topic: Morgan Stanley plans to launch bitcoin swaps (Read 66 times)
International investment Bank is going to add a new financial instrument to work with cryptocurrencies customers of Morgan Stanley Bank will be able to open positions on cryptocurrency swaps for total income, Bloomberg reports citing its own sources. The company already has the technology to launch a new service, now it is studying the demand for it among institutional investors. The investment Bank does not plan to trade digital money directly, swaps will be tied to bitcoin futures contracts. Earlier, Morgan Stanley CEO James Gorman said that the organization is developing a division to support derivatives tied to various cryptocurrencies. In September, it was reported that the American conglomerate Citigroup is developing a tool for investing in cryptocurrencies. Us investors will be able to earn on digital money without having to own it.
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