Morgan Stanley, one of the world’s largest investment banks, plans to introduce crypto trading on its consumer platform in the latest move by a traditional financial institution to capitalize on President Donald Trump’s deregulation of the crypto industry.
The banking giant plans to allow its customers to buy and sell crypto on its subsidiary, E*Trade, starting sometime next year, according to a Bloomberg report, citing “people familiar with the matter.” In order to establish and maintain the complex mechanisms needed to trade crypto, the company is reportedly considering partnering with one or more established crypto firms, according to the report.
