Morgan Stanley sets up a crypto research team
Morgan Stanley sets up a crypto research team
Morgan Stanley has started to grant his wealthy customers an engagement in Bitcoin, and now dip a deeper into the cryptocurrency room
Morgan Stanley, one of the leading investment banks in the United States, increases their commitment in the cryptocurrency area. The multinational bank has reportedly set up a research department for cryptocurrencies to explore the possibilities in this sector.
Shah was appointed to focus on the analysis of the effects of cryptos on stocks and fixed -interest systems such as corporate bonds and government bonds. In his announcement to his employees, Morgan Stanley said that the creation of a specialized crypto research department takes into account the increasing importance of cryptocurrencies and other digital assets on the global financial markets.
In the past few months, traditional financial institutions have started to enter the cryptocurrency room, albeit slowly. Leading banks such as Citigroup, Morgan Stanley, Goldman Sachs, JPmorgan and some others have launched crypto system products for their wealthy customers.
The traditional banks are currently not directly in the cryptom market. They limit their commitment by granting their investors access to investments who pursue the performance of Bitcoin and other cryptocurrencies.
The massive increase in the overall market capitalization of the cryptocurrency market last year was hardly to be ignored, especially for companies that work in the traditional financial sector. The market capitalization of the cryptocurrency is now over $ 2 trillion because more and more private customers and institutional investors are entering the market.
The traditional banks launched their crypto system products due to their customers' high demand for cryptocurrency engagements. It is expected that the cryptocurrency market will be even bigger in the coming years, as more institutional and private investors flock.
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Source: Coinlist.me
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