Morgan Stanley is clarifying what is referred to Bitcoin futures to customers, helping institutions to gain exposure

Morgan Stanley is clarifying what is referred to Bitcoin futures for its customers, which means that Goldman Sachs is no longer the only Wall Street company that is doing so. Morgan Stanley joins Goldman Sachs, TD Ameritrade, E * Trade others in explaining the CME and the Bitcoin futures of CBOE.

The reaction of the Bitcoin community has been divided during the creation of regulated Bitcoin futures, with some proposing manipulation of the underlying Bitcoin market. However, it is clear that the more Wall Street firms are involved in everything related to Bitcoin, the more legitimacy is granted to the digital currency.

Institutional investors
Jonathan Pruzan, CFO of Morgan Stanley, said the brokerage was most concerned about providing its services to its institutional clients:

"I would not say that there has been a lot of activity, but it's for basic institutional clients who want to participate in a derivative transaction."

Given the indications that institutional investors may be starting to play a much greater role in the Bitcoin markets, this is important. If such institutions are interested in acquiring Bitcoin, prices will undoubtedly fly. In fact, Coinbase is focusing on customers with its Coinbase custody product . Coinbase CEO Brian Armstrong believes that institutional investors may be willing to invest as much as $ 10 billion .