# Morgan Stanley has rolled out crypto trading on its E*Trade platform at 50 basis points per transaction.

*fintech · news · 2026-05-06 · Benzinga*

## Key points

- Morgan Stanley now offers crypto trading on E*Trade at 50 basis points, undercutting major rivals.
- Morgan Stanley plans to extend low-cost crypto trading to its 8.6 million E*Trade clients this year.
- The move is triggering a 'race to zero' in crypto trading fees, similar to equity markets.
- Traditional brokers' integration of ETFs, crypto, and stocks could boost ETF competitiveness over direct ownership.
- Crypto-native exchanges like Coinbase may face severe margin pressure from traditional firms' lower fees.

**Companies:** Morgan Stanley, Coinbase, Charles Schwab, Robinhood
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/etfs/currency-etfs/26/05/52339121/crypto-fee-war-bitcoin-etfs-poised-to-gain-as-trading-costs-collapse)

---

Canonical: https://newsio.io/n/73b7118f-fc41-40ca-8031-ad2f60638b7e/morgan-stanley-has-rolled-out-crypto-trading-on-its-etrade-platform-at-50-basis
Summarized by Newsio from Benzinga. https://newsio.io/how-it-works