Morgan Stanley’s E*Trade Launches Spot Crypto Trading Service
JH Kim
Summary
- Morgan Stanley-owned online brokerage E*Trade has launched a spot cryptocurrency trading service.
- Eligible retail investors can buy, sell and hold Bitcoin (BTC), Ether (ETH) and Solana (SOL) through Zero Hash.
- Trading fees are 50 basis points (0.5%), and the assets are not covered by FDIC or SIPC insurance.
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E*Trade, the online brokerage owned by Morgan Stanley, has launched a spot cryptocurrency trading service.
According to Cointelegraph on July 16, eligible retail investors can buy, sell and hold Bitcoin, Ether and Solana through crypto infrastructure provider Zero Hash.
Crypto deposit and withdrawal functions are scheduled to be added later this year.
Trading fees are 50 basis points, or 0.5%. Custody and trading are provided through a separate Zero Hash account. The assets are not covered by insurance from the Federal Deposit Insurance Corp. or the Securities Investor Protection Corp.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.