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International Business Times
International Business Times
Business
Marvie Basilan

Morgan Stanley Reportedly Considers Offering Crypto Trading Via E-Trade

NEW YORK, NEW YORK - JANUARY 17: The Morgan Stanley headquarters building is seen on January 17, 2023 in New York City. (Credit: Michael M. Santiago/Getty Images)

KEY POINTS

  • Morgan Stanley is reportedly planning to start off with major coins $BTC and $ETH
  • The bank needs to secure approval from the Federal Reserve to offer crypto trading through E-Trade
  • Institutional entry into crypto is deemed as a potential key driver for broader mass adoption

Investment bank and wealth manager Morgan Stanley is reportedly exploring the possible launch of cryptocurrency trading on its E-Trade platform, potentially challenging Robinhood in the process.

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