Morgan Stanley Unveils Low-Fee Crypto Trading Pilot on E*Trade

Morgan Stanley has made a significant move into the retail crypto market by launching a low-fee crypto trading pilot on E*Trade.

The pilot is currently available to a limited group of users, with broader access expected later in the year for its 8.6 million E*Trade clients.

The initial offerings will include major digital assets such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).

Morgan Stanley's pricing of 50 basis points per transaction undercuts typical retail trading fees charged by platforms like Coinbase, Robinhood and Charles Schwab.

Analysts predict that this move could intensify fee competition across the industry.