BTC BITS NEWS - Morgan Stanley Joins the Bitcoin Derivatives Party As The Bankers Pile On
An anonymous source revealed on September 13, 2018, that Morgan Stanley will soon launch a Bitcoin derivative available to institutional investors. Interested parties will have actionable “synthetic exposure” to the leading cryptocurrency’s market movements. The announcement ties neatly into the recent news of Citigroup’s digital asset receipts and Goldman Sach’s non-deliverable forwards.
Morgan Stanley Eager to Join
As per Bloomberg, the sizeable American bank will develop a complex derivative product based on Bitcoin’s performance. Investors eager to join the market, but unsure or averse to risk, will now be able to short and long the crypto markets favorite token. Morgan Stanley will reportedly turn a profit on the “spread of each transaction,” according to the report.
While the information has been neither confirmed nor denied by the firm, the anonymous source explained that the bank is equipped to begin trading pending institutional demand. The push also awaits an internal approval regime.
https://btcmanager.com/morgan-stanley-bitcoin-derivatives/
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