Will Morgan Stanley Win the Cryptocurrency Trading Desk Race?

Wall Street firms and big banks are trying to enter the world of cryptocurrency trading. Goldman Sachs, Morgan Stanley, and others are exploring the idea of setting up a cryptocurrency trading desk at some point. It is difficult to estimate who will come to market first, although insiders claim Morgan Stanley is the dark horse to keep an eye on. It’s an interesting development that will only spark more interest in Bitcoin and other cryptos. Morgan Stanley is Enamored with Cryptocurrency Anyone who has kept an eye on the cryptocurrency industry over the past few years will have noticed a peculiar trend. At first, banks readily dismissed the idea of Bitcoin as both a potential currency and a threat to their business model. This was at the time when BTC was only just gaining popularity, yet banks advised consumers to stay away from this industry rather than risk losing their…

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