Morgan Stanley's E*Trade is piloting cryptocurrency trading services with lower fees than major competitors

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Breaking News from Mars Finance: According to Bloomberg, Morgan Stanley is piloting cryptocurrency trading services on its ETrade platform, charging a fee of 50 basis points per transaction based on the transaction amount, which is lower than major competitors like Coinbase, Robinhood, and Charles Schwab. Approximately 8.6 million ETrade customers are expected to have access to this feature within the year. The report notes that Morgan Stanley has been steadily expanding in the crypto space over the past year, launching the lowest-cost Bitcoin ETF, planning to launch Ether and Solana ETFs, and applying for a nationwide trust bank license to offer digital asset custody. They also plan to support institutional clients in trading tokenized stocks in the future.

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