Morgan Stanley brings crypto trading with lower fees than rivals
CoinDesk
Morgan Stanley is launching crypto trading on its E*Trade platform with competitive fees lower than major industry rivals.Summary
Morgan Stanley is expanding its digital asset strategy by introducing cryptocurrency trading to its E*Trade platform. Currently in a pilot phase, the service charges a 50 basis point fee, positioning it as a more cost-effective alternative to competitors like Coinbase, Robinhood, and Charles Schwab. Jed Finn, Head of Wealth Management, described the move as a structural effort to redefine how clients access digital assets. With a full rollout to 8.6 million customers expected later this year, the bank is also exploring advanced features like direct custody via a national trust bank charter and the conversion of crypto holdings into exchange-traded products.
(Source：CoinDesk)