Morgan Stanley announced the main details of their cryptocurrency plan. The investment bank is preparing to add cryptocurrency negotiation capacities to its commercial platform E *. According to people familiar with the issue, the company is at the first stages of the development of this service with launching plans next year.
Morgan Stanley to collaborate with cryptographic companies for the launch
People familiar with the case told Bloomberg that the discussion inside Morgan Stanley started last year. Now, the leaders of the company believe that the next decision should be to introduce cash trading on the E *trade.
The Bank is considering partnerships with established cryptocurrency companies to allow the purchase and sale of popular tokens such as Bitcoin and Ethereum for its brokerage customers. Morgan Stanley's cryptocurrency plans occur in the midst of substantial changes to the regulatory environment after the return of President Trump.
During his campaign, Trump has actively committed to the cryptocurrency community. This includes its own digital collectibles and the acceptance of campaign donations for crypto supporters while promising to make the United States the “cryptographic capital of the planet”.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with almost 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, notably Watchuru, Beincrypto, Milkroad, and the author of more than 10,000 articles
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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