March 28, 2024

Morgan Stanley is considering buying bitcoin

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Counterpoint Global, part of the financial conglomerate Morgan Stanley, is considering buying bitcoin, Bloomberg reports citing its sources.

According to them, the investment arm, which has $ 150 billion under management, must obtain permission from senior management and regulators to start working with cryptocurrency.

Counterpoint analysts are now trying to decidewhether Bitcoin (BTC) is a suitable investment offer for their clients. The firm specializes in "unique companies whose market value can increase significantly." The group manages 19 funds, of which five brought investors more than 100% in 2020. Back in 2017, Morgan Stanley studied the possibility of creating a Bitcoin-based product using the swap model, but never launched it.

Just a few days ago, Morgan analystsStanley drew attention to the decline in bitcoin liquidity, caused, according to them, by the reluctance of investors to sell. This, in turn, limits the ability to use cryptocurrency as a means to carry out transactions, including when concluding transactions on exchanges, they added. At the same time, bank employees admitted that the situation could improve if bitcoin continues to spread among services such as PayPal.

Not long before this, Morgan Stanley was already in factinvested in bitcoin, significantly expanding its position at MicroStrategy, which to date has itself invested over $ 1 billion in bitcoin.

Where is it more profitable to buy bitcoin? TOP-5 crypto-exchanges

For a safe and convenient purchase of cryptocurrency, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that supportDeposit and withdrawal of funds inrubles, hryvnias, dollars and euros.

The most reliable platforms with the largest cash turnover have been for several yearsthe largest cryptocurrency exchange in the world is Binance.Binance is the most popular crypto exchange in the CIS, as it hasmaximum trading volumes and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

# Cryptocurrency exchange Official site Site evaluation
1 Binance (Editor's Choice) https://binance.com 9.7
2 OKEx https://okex.com 7.4
3 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5
5 Yobit https://yobit.net 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features &#8212; futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Morgan Stanley is consideringthe ability to buy bitcoin

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