What is BitMorgan platform (Bitcoin Morgan Stanley)

08/18/2023 06:00 • Metaverse Matters • 85 views

What is BitMorden platform What is BitMorden platform

BitMorgan is a Singapore-based digital asset service provider, mainly engaged in digital currency trading, lending, and investment. Its digital currency trading platform, CoinCore Technology (BTM), is a globally renowned blockchain technology provider. It has established partnerships with several international financial companies, including Japanese SBI Group subsidiary, British DNB Bank, and Australian National Bank, among others. It is reported that the bank is developing a derivative platform based on BTC and LTC. In addition, FTX, a virtual currency exchange conducting related services in Hong Kong, is actively exploring other cryptocurrency-related services.

Bitcoin Morgan Stanley

Editor’s Note: This article is from Cointelegraph China (ID: CointelegraphChina), author: MARTINYOUNG, ODaily Star Daily authorized reprint.

Morgan Stanley portfolio manager Daniel Gorfine said on Twitter, “Our views on cryptocurrencies are changing…Bitcoin has been one of the best-performing asset classes in the past decade.” He further added that this new research suggests that investors “need more capital to hold and trade,” which means they will now start to seriously consider the development of the cryptocurrency industry.

This Wall Street banker also suggested that investors should pay attention to the volatility brought by the recent launch of Bitcoin ETFs and called it a safe investment vehicle for institutions. He said, “I think this decision is very important,” he wrote in a report, “Our strategists expect that over time, these tools may continue to grow.” Regarding how Morgan JPMorgan evaluates its digital tokens, Dan Morehead pointed out:

“We will study some of the technologies, regulations, and other innovations related to blockchain.” In addition, more professionals may want to get involved in order to understand the asset and its price trends, or at least whether it is being used for securitization. According to Morgan Stanley data, Bitcoin’s current price is 70% higher than in November 2020.

For years, there has been a view that cryptocurrencies could be the next store of value. “This may happen as we see more and more traditional companies enter this field,” Andreessen Horowitz (a16z), Galaxy Digital Holdings, BlockFi, Circle, and several other companies have already entered the cryptocurrency market.

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What is BitMorgan platform (Bitcoin Morgan Stanley)

Bitcoin Morgan Stanley

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