Bloomberg reported that Morgan Stanley has launched a cryptocurrency trading service on its online brokerage platform, E*Trade. Morgan Stanley applies a fee of 0.5% based on the transaction amount. This is lower than Coinbase, Robinhood, and Charles Schwab. The service is currently in a pilot phase and is expected to expand to all 8.6 million E*Trade customers by the end of this year. Morgan Stanley is expanding cryptocurrency-related services across its business to attract customers who previously had to use other platforms into its own financial ecosystem. Earlier, on April 8, Morgan Stanley listed MSBT, a BTC spot ETF.
