Morgan Stanley launched a cryptocurrency trading pilot on its E*Trade platform.
The service charges a transaction fee of 50 basis points. This 0.50% rate aims to undercut competitors including Coinbase, Robinhood, and Charles Schwab.
The bank expects to expand the pilot to 8.6 million E*Trade customers. This full rollout is scheduled for 2026.
The move signals increasing convergence between Wall Street and the digital asset sector.