One of the largest banks in the world, Morgan Stanley, will soon launch for their customers ‘ Bitcoin swaps. The opportunity to play on fluctuations of the first cryptocurrency, not actually buying the coins. This writes NewsBTC.
The Bank will open the trade long and short contracts tied to futures on Bitcoin. Now the service is in the process of internal approval within the financial organization and may soon become available to institutional investors. We are talking about investors who are clients of Morgan Stanley.
Institutional investors will come into the crypt
However, the service startup can be delayed indefinitely, the newspaper notes. A Bank representative declined to comment.
The interviewed experts believe that the introduction of trading tools based on cryptocurrency for institutional investors further stabilize the market and allow digital assets to become more attractive to big players.
Previously, the largest network of traditional exchanges, the Intercontinental Exchange (ICE) announced plans to start trading futures contracts on the Bitcoin and run a platform for cryptocurrency trading Bakkt. It seems Bitcoin really could reach its bottom. Just waiting for further growth.
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