Morgan Stanley plans to launch encryption spot trading on E*Trade next year, as the banking sector resumes its layout for digital assets.

WuSaidBlockchainW · 2025-05-01T16:16:18+00:00

Morgan Stanley plans to introduce cryptocurrency spot trading on its ETrade platform next year, allowing clients to trade Bitcoin and Ethereum, and is considering partnerships with crypto companies. Charles Schwab also plans to launch similar services in the next 12 months. Several financial institutions, including SoFi and Bank of New York Mellon, are also pushing to revive their digital asset business under a relaxed regulatory environment.

WuSaidBlockchainW

2025-05-01 16:16:18

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According to Bloomberg, Morgan Stanley is planning to launch cryptocurrency spot trading on its ETrade platform next year, allowing clients to buy and sell Bitcoin and Ethereum, and is considering partnerships with one or more crypto companies. ETrade has already supported crypto ETFs and their derivatives trading, and spot trading is considered the next step in expansion. Meanwhile, Charles Schwab also plans to roll out similar services within the next 12 months. Against the backdrop of a relaxed regulatory environment, several institutions, including SoFi and BNY Mellon, are also re-advancing their digital asset businesses.

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