Morgan Stanley's E*TRADE Adds Spot Crypto Trading for Bitcoin, Ether, and Solana
AI Market Summary
Morgan Stanley's E*TRADE launched spot crypto trading for BTC, ETH, and SOL, integrating holdings into standard brokerage portfolios via ZeroHash. The move expands regulated, mainstream distribution and may improve liquidity and participation by reducing operational friction for retail and active-trader clients. A 50 bps fee suggests a monetized but accessible offering, with planned transfer functionality later this year supporting broader asset mobility.
Impact level
● High
Affected assets
BTC/USDT-0.88%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Morgan Stanley's online brokerage E*TRADE has rolled out spot cryptocurrency trading, enabling eligible customers to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly on the platform.
The service is supported by digital asset infrastructure provider ZeroHash. Users trade via linked ZeroHash accounts and can view their crypto holdings alongside traditional investments within E*TRADE.
E*TRADE said spot crypto trades will be charged at 50 basis points (50 bps). Asset transfer capabilities are expected to be introduced later this year.
The move extends Morgan Stanley's push into digital assets. E*TRADE has recently expanded its broader offering with retirement planning tools, fractional share trading, an upgraded IPO center, and additional active-trading features through Power E*TRADE Pro. (Businesswire)