Key facts
- Morgan Stanley's E*TRADE platform has completed the rollout of spot trading for Bitcoin, Ethereum, and Solana.
- The trading and custody services are provided through a partnership with Zero Hash.
- Eligible clients can now trade and hold cryptocurrencies directly on the E*TRADE platform.
- A fee of 50 basis points is charged on each crypto trade.
- Functionality for transferring cryptocurrencies is expected later this year.
Morgan Stanley's brokerage firm, ETRADE, has completed the rollout of its spot cryptocurrency trading offering for Bitcoin, Ethereum, and Solana. Eligible clients can now trade these digital assets directly on the platform, with trades executed and custody handled by Zero Hash. This expansion allows investors to view their crypto holdings alongside traditional investments within the ETRADE interface. A fee of 50 basis points will be applied to each trade, and transfer functionality is anticipated later this year. The move signifies Morgan Stanley's continued deepening engagement with the digital asset space, following earlier initiatives such as filing for crypto ETFs and exploring tokenization. Matt Jones, Head of E*TRADE, stated the expansion meets evolving client needs, while Chad Turner, head of Morgan Stanley Wealth Management Platforms, noted it advances the firm's digital assets strategy.