One of the largest American banks Morgan Stanley will soon launch bitcoin swaps. Technical training is completed, and institutional investors are showing considerable interest in the new asset, which is also attractive to all market participants.
It is known that traders will be able to open long and short positions on swaps for the aggregate period.
Swaps are tied to futures contracts for bitcoins, and the main feature of the new instrument is to display the return on the underlying asset. The financial institution is not going to trade bitcoin directly.
Almost all procedures for internal preparation and launch of a trading instrument are ready, and soon it will become available to all.