Morgan Stanley to offer bitcoin derivatives for institutional clients
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The investment bank will deal with swap trading contracts that give investors synthetic exposure to the performance of bitcoin. With the bitcoin derivative, investors can go long or short on bitcoin’s price. Morgan Stanley does not plan to trade bitcoin directly, will tie its derivative contracts to bitcoin futures contracts. The bitcoin derivative will launch after the completion of an internal approval process. (Source: Bloomberg)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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