Morgan Stanley Enters Crypto Trading Market with Competitive Fees

Morgan Stanley has announced the launch of a pilot program for spot trading of digital assets on its E*Trade brokerage platform. This move marks an expansion of the bank's efforts to integrate cryptocurrency into its services.

The low fee of 0.5% offered by Morgan Stanley is significantly lower than that of its competitors, including Robinhood at 95 bps and Charles Schwab at 75 bps.