MORGAN STANLEY WILL OFFER BITCOIN TRADE TO ITS CUSTOMERS
We have recent news that Morgan Stanley, Citigroup and Goldman Sachs, large banking corporations, are preparing to give their customers access to the cryptocurrency trade.
According to information recently published in the economy magazine Bloomberg, the banking corporation Morgan Stanley plans to offer complex derivatives linked to Bitcoin, where customers can buy or sell cryptocurrencies without having to own them directly.
Important figures of the environment of cryptocurrencies such as Nick Szabo and Andreas Antonopoulos have criticized this form of commercialization of Bitcoin because it allows the commercialization of cryptocurrencies without the client having to possess them. This form of trade means that cryptocurrencies can suffer manipulation in the markets, increasing their volatility, which is already very large because this technology is too new and is still not fully regulated by most governments.
cointelegraph.com
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Vicente Calduch from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.