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Morgan Stanley is rolling out a crypto trading pilot with plans to expand it to all 8.6 million customers at E*Trade later this year.
Morgan Stanley is piloting crypto trading on E*Trade, targeting all 8.6 million customers this year.
KEY POINTS
- The platform will charge a 0.5% trading fee, undercutting Coinbase, Robinhood, and Schwab.
- Morgan Stanley's MSBT Bitcoin ETF launched with a 0.14% fee and saw $92 million in net inflows.
- Morgan Stanley is the first major bank to issue a Bitcoin ETF, emphasizing aggressive fee competition.
COMPANIES
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