Morgan Stanley is one of the largest US-based banks in the world, and that makes its interest in cryptocurrencies, especially Bitcoin, a point worth noting. It’s such large institutions that really make a huge difference when a product needs general market acceptance. It won’t be different for Bitcoin if this huge bank goes ahead with its latest plan to offer Bitcoin trading facilities to its clients.
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Aside from Morgan Stanley, financial companies such as Fidelity Investment and Goldman Sachs are looking to bring BTC exchanges to wall street. Such big financial companies backing BTC is a huge jump for crypto. Financial companies usually want to take less risk for their clients to provide them with a long-term service. With such big companies backing BTC, you can tell that BTC has a decent enough future that these financial institutes believe in.