According to the message of Bloomberg anonymous source published September 13, Morgan Stanley, American leading banker, decided to trade BitCoin for its clients.
Providing a citation “people familiar with the matter,” the message says that the global leader is going to follow in Wall Street steps and expose BitCoin deals to public.
The source reveals that Morgan Stanley is going to work with contracts that expose investors synthetically to BitCoin performance. It means that Morgan Stanley will earn money on charges paid for transactions of price return swaps.
You can draw parallels of this news with one connected with Wall Street interest in BitCoin and Goldman Sachs’ refutation of the rumours that BitCoin trading desk is not among their plans already.
A representative of Morgan Stanley refused to speak on the topic of plans with Bloomberg.
Next to the rumours about Morgan interest in crypto coin, there was another interesting information last week about Citigroup insiders that are also building strategies how to enter BitCoin trading.
Offering a similar functionality to one from Morgan and Goldman, Citigroup will allow its clients to get access to BitCoin markets even if they do not own any cryptocurrency and try so-called non-custodial trading.
However, Nick Szabo and Andreas Antonopoulos, acknowledged experts in cryptocurrency, have criticized a possibility to attract new investors via non-custodial methods.