Morgan Stanley has taken another step into the world of cryptocurrencies by starting cryptocurrency trading on its E-Trade platform, which is scheduled to launch in 2025. According to Bloomberg, the Wall Street giant Morgan Stanley has rolled out cryptocurrency trading services through its E-Trade subsidiary online brokerage firm. The platform will charge a fee of approximately 0.5% per transaction. This rate is lower than that of competitors such as Coinbase, Robinhood, and Charles Schwab.



The service is currently in the pilot testing stage and is expected to be available to all 8.6 million E-Trade clients by the end of the year. Jed Finn, head of asset management at Morgan Stanley, said: “The launch of this service should be viewed not simply as trading cryptocurrencies with lower fees. In some sense, it is a strategy to eliminate those trying to eradicate intermediaries.” In addition to Bitcoin and Ethereum (ETH), Solana (SOL) will also be added to the platform in the near future.

This move is seen as part of Morgan Stanley’s strategy to expand its range of cryptocurrency-related services and bring clients who previously used other platforms into its own financial ecosystem.
BTC0.13%
ETH-0.95%
SOL3.3%
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