BREAKING: Morgan Stanley To Give Clients Bitcoin Trading Options
HomeCryptocurrency NewsBitcoinist.com

BREAKING: Morgan Stanley To Give Clients Bitcoin Trading Options

US multinational investment bank Morgan Stanley is preparing to offer Bitcoin swap trading for its clients, unconfirmed sources report on S...

Think Burning Unsold Tokens is a Good Thing? Think Again
Shocker! Cryptocurrencies Are ‘Failing,’ UK’s Central Banker Says
Richard Sherman Loves Crypto, But Hates Trading Fees

US multinational investment bank Morgan Stanley is preparing to offer Bitcoin swap trading for its clients, unconfirmed sources report on September 13.


Sources Say Morgan Stanley Preparing Swap Trades

Citing “people familiar with the matter” in an unlinked article from Bloomberg reporter Alistair Marsh, Business Insider’s Frank Chaparro revealed the giant “plans to offer trading in complex derivatives” linked to Bitcoin 00.

According to Marsh’s sources, Morgan Stanley “will deal in contracts that give investors synthetic exposure to the performance of Bitcoin,” thus copying extant plans from Wall Street’s Goldman Sachs and Intercontinental Exchange among others.

“Investors will be able to go long or short using the so-called price return swaps, and Morgan Stanley will charge a spread for each transaction,” Marsh reports.

The move comes half a year after the bank said it would join Goldman in clearing Bitcoin futures contracts.

Morgan’s Mixed Signals

Morgan Stanley had issued cautious statements on the short to mid-term future of cryptocurrency markets this week, with strategist Mike Wilson sounding the alarm over a potential “rolling bear market” in 2019.

“Our call is not for a simultaneous and large repricing across risk assets, but for a bear market that rolls through different assets and sectors at different times with the weakest links (Bitcoin, EM debt and equities, BTPs, funding spreads, base metals, and early cycle industries like home builders and airlines) being hit first/hardest,” The Street quotes him as saying September 12.

Wall Street's Old Guard Has A Double Standard When It Comes To Bitcoin

Major institutions’ plans for Bitcoin interaction meanwhile remain a hot topic of debate within the cryptocurrency industry.

Reports that Goldman had since shelved its crypto trading desk plans sent confusion through markets last week, while senior executives at the bank subsequently called those reports “fake news.”

Morgan Stanley has yet to either confirm or deny the Bloomberg sources information, which nonetheless has already begun circulating among cryptocurrency figures, including Digital Currency Group CEO and founder Barry Silbert.

What do you think about the Morgan Stanley reports? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter

The post BREAKING: Morgan Stanley To Give Clients Bitcoin Trading Options appeared first on Bitcoinist.com.



from Bitcoinist.com https://ift.tt/2xaQUXJ
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: BREAKING: Morgan Stanley To Give Clients Bitcoin Trading Options
BREAKING: Morgan Stanley To Give Clients Bitcoin Trading Options
https://bitcoinist.com/wp-content/uploads/2018/09/shutterstock_339828023-640x400.jpg
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/09/breaking-morgan-stanley-to-give-clients.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/09/breaking-morgan-stanley-to-give-clients.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy