"Morgan Stanley Plans to Introduce Cryptocurrency Trading on Its E*TRADE Securities Platform"
Summary
- Morgan Stanley is reportedly planning to introduce cryptocurrency spot trading on its online securities platform 'E*TRADE'.
- The project is still in its early stages, with the aim to launch the service next year and is reviewing partnerships with several cryptocurrency companies.
- Currently, Morgan Stanley provides indirect investment means to high-net-worth individuals, and this integration is an expansion into spot trading services for general investors.
Global investment bank (IB) Morgan Stanley is reportedly planning to introduce cryptocurrency spot trading on its online securities platform E*TRADE.
On the 1st (local time), Bloomberg reported, "Morgan Stanley plans to add cryptocurrency trading functionality to the E*TRADE platform," stating, "The project is still in its early stages, with the aim to launch the service next year, and is reviewing partnerships with several cryptocurrency companies." However, Morgan Stanley has not made an official statement regarding the matter.
The media outlet explained, "Morgan Stanley currently provides indirect cryptocurrency investment means such as ETFs, options, and futures to high-net-worth individuals," adding, "The integration with E*TRADE is an expansion into spot trading services for general investors."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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