Morgan Stanley Enters Crypto Trading Market with Competitive Fees

Morgan Stanley, one of the world's top investment banks, has expanded its presence in the cryptocurrency market by launching a new service that allows E*Trade account holders to trade cryptocurrencies with lower fees than major competitors.

The service charges 50 basis points per trade, which is lower than the fees charged by Coinbase and Robinhood. The rollout is part of Morgan Stanley's strategy to embed crypto capabilities across trading, wealth, and institutional services as traditional finance and decentralized finance converge.