Wall Street Giant Morgan Stanley Enters Crypto Race With Pricing Edge: Report

One of the world’s largest wealth administration corporations, Morgan Stanley, is all set to introduce cryptocurrency buying and selling on its E*Trade platform, which it acquired for $13 billion six years in the past.

It goals to compete on decrease prices.

Morgan Stanley Joins Crypto Trading Space

The financial institution plans to cost 50 foundation factors per transaction based mostly on greenback worth, because it positions itself beneath rivals reminiscent of Coinbase and Robinhood. The price can also be beneath the 75 foundation factors charged by Charles Schwab, which rolled out spot Bitcoin and Ethereum buying and selling earlier in April.

Morgan Stanley’s newest service is at the moment in a pilot section and is expected to be rolled out to all 8.6 million E*Trade purchasers later this 12 months, in keeping with the most recent report by Bloomberg. At launch, purchasers will have the ability to commerce Bitcoin, Ether, and Solana. The banking large had beforehand tapped Zerohash, an infrastructure supplier for digital belongings, for the initiative again in September 2025.

The newest growth comes virtually a month after Morgan Stanley’s much-anticipated spot Bitcoin ETF, below the ticker MSBT, went stay on NYSE Arca. The fund debuted with a 0.14% payment, decrease than competing merchandise. Data compiled by SoSoValue revealed that MSBT’s cumulative web influx stood at over $181 million as of May fifth.

Stablecoin Reserve Fund

More lately, Morgan Stanley launched the Stablecoin Reserves Portfolio (MSNXX) in New York to focus on stablecoin issuers searching for compliant reserve options. The fund is a part of its Institutional Liquidity Funds Trust and is structured as a authorities cash market fund according to reserve requirements set by the GENIUS Act.

It is designed to assist issuers handle belongings backing their tokens whereas sustaining liquidity and capital stability. The primary goal of the portfolio is to maintain a $1 web asset worth and generate revenue by investing solely in money, US Treasury payments, notes, and in a single day repurchase agreements.

Co-Head of Global Liquidity Fred McMullen had mentioned that the providing responds to rising demand as stablecoin issuance expands. Meanwhile, Amy Oldenburg had added that the initiative helps efforts to modernize monetary infrastructure and enhance institutional entry to digital asset markets.

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