Morgan Stanley's E*TRADE Launches Cryptocurrency Spot Trading Feature

BlockBeats News, July 17, E*TRADE, a subsidiary of Morgan Stanley, announced that it has launched cryptocurrency spot trading. Eligible customers can directly buy, sell, and hold Bitcoin, Ethereum, and Solana through an account associated with the digital asset infrastructure provider zerohash.

The associated trading fee is 50 basis points, i.e., 0.5%. Customers can view their cryptocurrency alongside traditional investments on the E*TRADE platform, with the digital asset transfer feature expected to be introduced later this year.

ETRADE has also launched fractional share trading, retirement planning tools, and a new IPO center, while upgrading the Power ETRADE Pro for active traders. Morgan Stanley Wealth Management stated that this launch is part of its strategy to expand digital asset services.