Morgan Stanley launches cryptocurrency trading with fees lower than major competitors

robot
Abstract generation in progress

BlockBeats News, May 6 — According to Bloomberg, Morgan Stanley is launching cryptocurrency trading services on its ETrade platform, charging a fee of 50 basis points per transaction based on the transaction amount, lower than major competitors like Coinbase, Robinhood, and Charles Schwab. The service is currently in the pilot phase, and ETrade’s 8.6 million customers will gain access later this year.

Morgan Stanley stated that this move is part of its strategy to expand its share of the crypto asset market. The company is betting that traditional finance and DeFi will gradually merge and is developing more business around crypto assets to attract users who previously had to go to other platforms.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin