Morgan Stanley now clears Bitcoin futures for its customers, meaning that Goldman Sachs is no longer the only Wall Street company to do it. Morgan Stanley joins Goldman Sachs, TD Ameritrade, E * Trade and others in clearing CME futures and Cboe Bitcoin.

The reaction of the Bitcoin community was divided over the creation of regulated Bitcoin futures. the underlying Bitcoin market. However, it is clear that the more Wall Street companies are involved in everything related to Bitcoin, the more legitimacy it gives to digital currency.

Institutional Investors

The brokerage department focused on serving its institutional clients:

"I would not say it was a lot of activity, but this is for basic institutional clients who want to participate in a transaction on a derivative product.

Given the indications that institutional investors could begin to play a much larger role in Bitcoin markets, this is significant. If these institutions are interested in the acquisition of Bitcoin, the price will certainly rise. Indeed, Coinbase targets these customers with their Coinbase Custody product. Coinbase CEO Brian Armstrong believes institutional investors could be willing to invest up to $ 10 billion.