Morgan Stanley to explore crypto offerings for clients — CEO
The financial services giant is also considering adding crypto to its trading platform, E-Trade, due to a change in regulatory climate.
Morgan Stanley CEO Ted Pick recently said that the banking giant is exploring potential crypto offerings for its clients and is in discussions with financial regulators in the United States.
Speaking with CNBC at the World Economic Forum’s Davos summit, Pick said: “For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactions.” Pick continued:
Morgan Stanley gained exposure to the digital asset markets through Bitcoin (BTC) exchange-traded funds and started to suggest these investment vehicles to its clients in 2024.
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Author: Vince Quill
