Morgan Stanley's E*TRADE has officially launched cryptocurrency spot trading, allowing eligible clients to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly on its platform. The trading fee is set at 50 basis points, with asset transfer functionality expected later this year.
E*TRADE has been enhancing its investment services, including retirement planning tools and fractional share trading. Head of E*TRADE, Matt Jones, emphasized the need for a comprehensive platform that supports diverse investment activities, from stock purchases to crypto trading and retirement planning.
Morgan Stanley's E*TRADE Launches Cryptocurrency Spot Trading
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