May 02, · Wall Street firms and big banks are trying to enter the world of cryptocurrency trading. Goldman Sachs, Morgan Stanley, and others are exploring the idea of setting up a cryptocurrency trading desk at. Sources Say Morgan Stanley Preparing Swap Trades. Citing “people familiar with the matter” in an article from Bloomberg reporter Alistair Marsh, Business Insider’s Frank Chaparro revealed the giant “plans to offer trading in complex derivatives” linked to Bitcoin 0 According to Marsh’s sources, Morgan Stanley “will deal in contracts that give investors synthetic exposure to. Sep 13, · Morgan Stanley Investment Management's chief strategist and head of emerging markets has recommended bitcoin as an alternative investment to stocks amid central banks' massive money printing policies.
Morgan stanley bitcoin trading deskWill Morgan Stanley Enter Bitcoin Crypto Trading Desk After Goldman Sachs
Currently unregulated, the exchange has applied for a license with the Monetary Authority of Singapore. With eight team members coming straight from Morgan Stanley, the exchange said one of its aims is to add traditional products such as stock indices, commodities and products based on interest rates to the platform somewhere down the line. CoinDesk asked Phemex whether there was a chance the new subscription model might potentially put the firm out of pocket.
Subscribe to Blockchain Bites , our daily update with the latest stories. Read more about With news such as the one coming from Goldman Sachs, crypto enthusiasts can be assured to see their digital asset in the green for coming months.
No matter your take, Goldman Sachs crypto trading desk is a big deal and when JP Morgan unveils what their plans are it is going to solidify the space even more. And you can guess why. If we are able to engage on a basis, as opposed to through third parties Circle et al then we ultimately lead in the space. It is the digital gold rush. And our firm wants to get there and pull as many levers as we can.
This is a double shot of adrenaline for all of them — or at least those that have the sack to jump into cryptos head first. What are your thoughts? Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption.
We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases.
Make sure to read our editorial policies and follow us on Twitter , Join us in Telegram. Stay tuned. E-mail is already registered on the site. Please use the Login form or enter another. Share Tweet Send Share. Prev Next. Tags: bitcoin , institutional investors , Morgan Stanley , wall street. For updates and exclusive offers enter your email below. This Analyst Thinks Yes More analysts than ever are encouraging young people to take advantage of the current market dip and begin investing in Bitcoin for retirement.
Trevor Smith 9 months ago. I accept I decline.