Morgan Stanley Making its Way into Crypto Industry

[Divinityxd]

A source has revealed that the Investment banking giant, Morgan Stanley is working on a cryptocurrency trading desk. Wall Street is certainly getting serious about the crypto sector as a few days earlier Nasdaq CEO talked about the industry’s potential and Goldman Sachs hired its first executive for its digital asset unit.

Continue reading: https://coingape.com/morgan-stanley-making-way-into-cryptos/

[virendarnagpal]

Crypto currency is going to become the backbone of future money market.  We all are seeing the replacement of fiat currency and it's place being taken by crypto currency.  Though the process may take time but it has started and advancing at very fast speed. 
In Europe many people are using crypto and slowly the other regions are coming into it's fold. 
Financial Giants are watching this change.  They know that they have to change for their survival.  Banks and  fiinancial institutions which will not accept / welcome change and adopt new currency will have to shut their door soon.
So they will have to do.

[Pursuer]

as bitcoin grows and attracts a lot of people and investors and consequently a lot of money, it also pushes many of them towards other cryptocurrencies and increases their popularity and volume also. everyone is clearly seeing this, the potential, all the money that is circulating in this market and all the money that could be earned from them. so everyone wants a piece of the action. regular people go for investment, mining, trading ,... the others willing to take bigger risks start a business like gambling site, payment processor, exchanges,... and big players will also get involved with bigger businesses like a big exchange platform.

[jseverson]

I'm curious, what does Jamie Dimon say about this? I mean, we all know he secretly likes Bitcoin because he's been known to intentionally cause dips only to buy after, but how does this fit into this anti-Bitcoin persona? Lol.

But yeah I won't believe it until I see it. No bank has actually gone on with their plans for a trading desk as far as I'm aware, but it'll probably only take (a successful) one to start the rush. I'm sure they're gauging the support level and weighing their options carefully.