fintech / news / / Benzinga
Morgan Stanley has rolled out crypto trading on its E*Trade platform at 50 basis points per transaction.
Morgan Stanley now offers crypto trading on E*Trade at 50 basis points, undercutting major rivals.
KEY POINTS
- 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
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