Morgan Stanley eyes crypto rollout for E*Trade platform: Bloomberg

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Morgan Stanley reportedly plans to alteration cryptocurrency trading connected its E*Trade level by 2026, marking a deeper propulsion into integer assets amid a shifting U.S. regulatory landscape.

Banking elephantine Morgan Stanley reportedly plans to database cryptocurrencies connected its E*Trade concern brokerage and trading platform.

According to a May 1 Bloomberg report, the steadfast intends to database crypto assets connected E*Trade successful 2026. The program is inactive successful aboriginal development, and the slope is said to beryllium exploring partnerships with established crypto firms to powerfulness the service. Internal discussions astir cryptocurrency enactment reportedly began successful precocious 2024.

Banking, Banks, Cryptocurrency Exchange, Morgan Stanley

This would not beryllium Morgan Stanley’s archetypal vulnerability to integer assets. The bank’s wealthiest clients person had entree to crypto exchange-traded funds (ETFs) and futures for immoderate time, with the firm’s advisers allowed to transportation Bitcoin ETFs since August 2024.

Regulatory tailwinds propulsion crypto forward

The quality follows erstwhile reports that Morgan Stanley was considering adding cryptocurrency trading to its E*Trade online brokerage level successful aboriginal January. The reports astatine the clip cited the expectations of a friendlier crypto regulatory environment.

The determination comes amid an progressively favorable regulatory situation successful the United States pursuing the predetermination of President Donald Trump, who campaigned connected a pro-crypto level and is personally progressive successful respective blockchain ventures.

The archetypal 30 days of the Trump medication brought important changes to the section crypto industry. More recently, US crypto proponents have shown optimism pursuing the swearing-in of pro-crypto Securities and Exchange Commission Chair Paul Atkins.

The SEC had importantly changed its stance adjacent earlier Atkins took office. In precocious February, the bureau had already paused aggregate cryptocurrency enforcement cases with imminent deadlines.

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