Morgan Stanley Joins Goldman Sachs in Clearing Bitcoin Futures
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Morgan Stanley has been clearing Bitcoin futures contracts for big institutional clients and convenes a regular meeting of executives to consider how else to engage with cryptocurrencies, Chief Financial Officer Jonathan Pruzan said.
“If someone wants to do a trade on the futures and settle in cash, we’ll do that,” Pruzan said Thursday in a telephone interview. “I wouldn’t say it’s been a lot of activity, but it’s for core institutional clients who want to participate in a derivatives transaction.”