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Morgan Stanley wants to sell Bitcoin – without actually selling it

Thursday, September 13, 2018 by Piyush Suthar | Comments

Home News Tech Morgan Stanley wants to sell Bitcoin – without actually selling it

Morgan Stanley plans to offer a new way for clients to invest in Bitcoin and potentially benefit from its growth without actually buying any of the cryptocurrency itself. The US investment bank will offer contracts that are tied to the value fluctuations of the cryptocurrency. This gives clients a form of synthetic exposure to Bitcoin’s performance, an anonymous source close to the matter told Bloomberg. Morgan Stanley will not trade Bitcoin directly, the source said. The offered contracts are tied to Bitcoin futures contracts; payouts to investors will be made based on increases or decreases in Bitcoin’s price over set…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Authored by Piyush Suthar
Pro Blogger


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