RATE Group | Morgan Stanley gearing up for bitcoin derivative trading
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Morgan Stanley gearing up for bitcoin derivative trading

15 Sep Morgan Stanley gearing up for bitcoin derivative trading

Posted at 04:33h in Bitcoin News by

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Morgan Stanley is reportedly preparing to offer bitcoin swap trading for clients, joining other top banks in a sectorwide effort to explore digital currencies.

The bank will provide derivatives that grant investors exposure to the performance of the world’s largest cryptocurrency, Bloomberg News reported, citing sources familiar with the matter.

Traders will have the choice to go either long or short using so-called price return swaps; Morgan Stanley will charge a spread for each transaction, the source told Bloomberg.

Trading will begin once an internal approval process is complete and there is proven client demand, the report said.

A spokesman for Morgan Stanley wasn’t immediately available for…

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