Morgan Stanley Launches Crypto Trading Services to Compete with Coinbase and Robinhood
Morgan Stanley is launching crypto trading services on its E*Trade platform with a lower fee structure to challenge dominant players like Coinbase and Robinhood. The pilot program charges 50 basis points per transaction, lower than the 60-95 basis points charged by competitors. The move is part of the bank's broader strategy in the crypto space, including its Bitcoin ETF and plans for Ethereum and Solana ETFs.
Topics: competition crypto trading E*Trade ETFs fees Morgan Stanley