Morgan Stanley Readies Bitcoin Derivatives Trading

[thiago]

After a series of negative developments in the cryptocurrency market in recent weeks, the tide may be starting to turn, with a positive development out of Morgan Stanley fueling gains in crypto prices. According to Bloomberg, the Wall Street bank is readying the launch of bitcoin derivatives trading, filling a void in the market for institutional investors.

Morgan Stanley is looking to launch trading in bitcoin swaps tied to futures contracts, giving investors the ability to gain “synthetic exposure” to the BTC price and either go long or short via “price return swaps,” Bloomberg reports.

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