Morgan Stanley Bank Is Preparing To Launch Bitcoin Swaps
American holding Morgan Stanley is technically ready to launch bitcoin swaps in case of interest in this tool from institutional clients. This was reported by Bloomberg, citing an informed source.
According to it, Morgan Stanley investors will be able to open long and short positions on so-called total return swaps.
It is noted that swaps will be tied to futures contracts for bitcoin. The main feature of such tools is that they only reflect the profitability of the underlying tool. The bank does not plan to trade the first cryptocurrency directly.