Morgan Stanley: Bitcoin trading projects in perspective?

The American financial giant Morgan Stanley plans to open a cryptocurrency exchange service according to anonymous sources.

Take advantage of Bitcoin

It seems that the US multinational plans to follow the example of its Wall Street colleagues by entering the Bitcoin industry.

Morgan Stanley will "trade contracts offering investors a synthetic exposure to the performance of Bitcoin,"according to sources.

"Investors will be able to buy or sell in the short and long term using price return swaps, and Morgan Stanley will charge a spread for each transaction. "

Other notable movements

The news on Morgan Stanley is the last commitment of a Wall Street giant to the nascent virtual currency industry . For its part, Goldman Sachs denied allegations that it had abandoned its projects related to the Bitcoin trading service.

Some insiders of the banking giant Citigroup also revealed that the company was considering investing in cryptomonetary products.

Citigroup is not left out compared to its rivals Morgan and Goldman, the financial company will allow its customers to invest in cryptocurrencies without holding them. This is "non-proprietary trading".

The technological innovation adopted by a growing number of banking institutions is not unanimous. Nick Szabo and Andreas Antonopoulos, key players in the crypto-community have strongly criticized the non-private methods offered to institutional investors.

What do you think about Morgan Stanley's Bitcoin trading projects? Let us know in the comments section below.

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