Morgan Stanley Launches Competitive Crypto Trading on E*Trade
- Morgan Stanley has introduced crypto trading on its E*Trade platform with fees of 50 basis points per trade.
- Comparatively, Robinhood charges 95 basis points, Coinbase 60 basis points, and Charles Schwab 75 basis points.
- The service is in pilot mode, aiming to reach all 8.6 million E*Trade account holders by year-end, starting with Bitcoin, Ether, and Solana.
- This initiative is part of Morgan Stanley’s strategy to expand in the crypto ecosystem as traditional finance converges with decentralized finance.
- The expansion follows a shift in US policy under President Donald Trump towards a more crypto-friendly stance.
Morgan Stanley’s new crypto trading service on E*Trade offers competitive rates compared to major platforms like Robinhood and Coinbase, marking a strategic move into the expanding digital asset market.
Source (3.2)https://cryptobriefing.com/morgan-stanley-crypto-trading-debut/?rand=59535
