Morgan Stanley turned his attention to Bitcoin.

One of the world's largest banks, Morgan Stanley, is considering launching a new financial instrument for its clients. As Bloomberg reports, citing an unknown but knowledgeable source, the financial institution is preparing to launch bitcoin swaps.

It is also known that the Bank does not intend to trade BTC directly. Instead, the swaps will be linked to the South on Bitcoin. Morgan Stanley also stated that the instrument will be added only after "institutional investors show their interest".

"Investors will be able to open trades and Morgan Stanley will charge a spread for each transaction," an unnamed source says.
It is assumed that the Department for working with Bitcoin swaps will be headed by Andrew Peel. In June, he was admitted to the Bank as head of the digital assets Department. Prior to that, Peel worked as Vice President of the Swiss banking giant Credit Suisse. For nine years he was responsible for derivatives trading, and then for more than two years he controlled sales and innovation, focusing on digital coins. He Drank calls itself criptonita, stressing that interested in this sphere in 2013.

Earlier it became known that Citigroup has announced a new investment option in the crypto market with reduced risk. Last month, Goldman Sachs announced plans to launch a Depository service for funds based on digital coins.

Alistair Milne , the chief information Director of Fund of Digital Currency, said institutional investors continue to be interested in cryptocurrency scasino contrary to some analysts.