"Morgan Stanley has launched crypto trading on its E*Trade platform, initially available to a select group of customers, with plans to extend access to all 8.6 million users later this year."
"The firm is charging a competitive 50-basis-point fee, undercutting rivals like Coinbase, which charges up to 60 basis points."
"This move follows the launch of its MSBT Bitcoin ETF and aims to attract institutional investors by providing more affordable options."
"Additionally, Morgan Stanley is pursuing a bank charter for crypto custody to further enhance its offerings."
Morgan Stanley has initiated crypto trading on its E*Trade platform, initially available to a select group of customers, with plans to extend access to all 8.6 million users later this year. The firm is charging a competitive 50-basis-point fee, undercutting rivals like Coinbase. This move follows the launch of its MSBT Bitcoin ETF and aims to attract institutional investors by providing more affordable options. Additionally, Morgan Stanley is pursuing a bank charter for crypto custody to further enhance its offerings.
Read at news.bitcoin.com
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