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Morgan Stanley Eyes Launching Crypto Trading Through E*Trade: Bloomberg
The move could increase competition for crypto-native exchanges and follows regulatory rollbacks in the U.S. after Trump took office.
Updated May 1, 2025, 4:17 p.m. Published May 1, 2025, 11:39 a.m.
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What to know:
- Morgan Stanley is building a crypto trading feature for E*Trade, targeting a 2026 launch
- The bank is exploring partnerships to enable spot trading of cryptocurrencies like BTC and ETH.
- The Trump administration's policy changes and industry momentum are prompting U.S. banks to re-enter crypto
Morgan Stanley (MS) is planning to bring cryptocurrency trading to its E*Trade platform, marking the most serious move yet by a major U.S. bank to offer retail users direct access to cryptocurrencies.
The initiative, still in early stages, could debut next year. The bank, Bloomberg reports, is weighing partnerships with crypto-native firms to help build out the infrastructure for spot trading.
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The effort would mark a notable expansion of the firm’s crypto offerings, which currently include exchange-traded funds (ETFs), options, and futures contracts tailored to its wealthier clients. Internal discussions reportedly picked up after Donald Trump’s return to the White House last year sparked regulatory rollbacks across the crypto space.
Depending on how Morgan Stanley brings crypto trading to E*Trade, the move could heighten competition for crypto-native exchanges like Coinbase and Kraken.
Other institutions are following suit. Charles Schwab has signaled its own interest in adding spot trading, while SoFi is weighing a major push into the cryptocurrency space after seeing a “fundamental shift” in its landscape in the U.S.
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BlackRock's digital assets head: Leverage-driven volatility threatens bitcoin’s narrative
Rampant speculation on crypto derivatives platforms is fueling volatility and risking bitcoin’s image as a stable hedge, says BlackRock’s digital assets chief.
Lo que debes saber:
- BlackRock digital-assets chief Robert Mitchnick warned that heavy use of leverage in bitcoin derivatives is undermining the cryptocurrency’s appeal as a stable institutional portfolio hedge.
- Mitchnick said bitcoin’s fundamentals as a scarce, decentralized monetary asset remain strong, but its trading increasingly resembles a "levered NASDAQ," raising the bar for conservative investors to adopt it.
- He argued that exchange-traded funds like BlackRock’s iShares Bitcoin ETF are not the main source of volatility, pointing instead to perpetual futures platforms.
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