Morgan Stanley Has Bitcoin Swaps Ready, Waiting For “Institutional Demand”

[kreslik.news]

American investment bank Morgan Stanley is reportedly preparing to offer Bitcoin swap trading to its customers, according to Bloomberg.

Anonymous sources told the outlet that the institution is ready to begin, but is waiting for “proven institutional demand” and for the move to be internally approved.

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What are swaps?

A swap transaction is when two parties agree to exchange income ‘earned’ via respectively-held financial derivative contracts. One of the cash flows is fixed, while the other is changeable according to some pre-agreed variable, such as an exchange rate, interest rate, and so on. The contracts themselves ... (read more)