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Morgan Stanley to Start Derivative Trading for Bitcoin

Andrew Brunton
Morgan Stanley to Start Derivative Trading for Bitcoin

Citing anonymous sources, Bloomberg reported last week that Morgan Stanley (MS) is following in the footsteps of its peers and plans to offer bitcoin swap trading to its clients. The digital currency trading business plan is in a nascent stage and still awaits some internal approvals. The company’s move is said to be mainly driven by its clients’ strong demand for cryptocurrency derivatives.