Morgan Stanley Eyes Bitcoin Exchange Acquisition After Crypto Rallies 1,500%
Key Bitcoin Takeaways A South Korean media outlet reported that Morgan Stanley plans to acquire Bithumb, a local bitcoin exchange. The news surfaced two days after the American banking giant decided to offer three Bitcoin funds to its rich clients via its traditional investment platform. Bitcoin recently surged above $61,000 on higher institutional demand, up […]
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An analyst at the New York-based financial services and investment management company Morgan Stanley detailed on Monday that crypto liquidity seems to be recovering. Morgan Stanley’s Sheena Shah highlighted in a note to investors that the stablecoin market capitalization is seeing fewer redemptions for the first time since April. Morgan Stanley Investors’ Note Says Crypto Winter Could Be Thawing, but Re-Leverage Demand Is Still Non-Existent The crypto winter may be starting to warm as institutional investors have halted the redemption of the crypto economy’s top two....
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Korean media has reported that Morgan Stanley is in talks with Bident — who owns a 10% of Bithumb Korea. According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb.The news was reported on March 18 by Aju News, with Bithumb reportedly in discussions with major Bithumb shareholder, Bident — who owns a roughly 10% stake in Bithumb Korea.A March 19 article from leading local search engine Naver states that Morgan Stanley is planning to invest....
In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document, 12 of Morgan Stanley’s investment funds will allocate capital in BTC financial products. Morgan Stanley’s investment funds eligible to gain indirect exposure to […]