Banking Giant Morgan Stanley is preparing to start crypto money trade for individual users! Here are the details

Morgan Stanley’in E*Trade It is reported that it is preparing to initiate crypto currency trade for individual users through the platform and has made a signal of a major change in the interaction of traditional financial giants with digital assets.

Morgan Stanley E*plans to start crypto trade at Trade

According to a report published by Bloomberg, the initiative is in early planning and can be implemented as soon as possible next year.

This move will point out one of the most aggressive entries to the individual crypto trade by a senior US Bank and will potentially compete with crypto-local exchanges such as Coinbase and Kraken.

It is said that Morgan Stanley is thinking of establishing partnerships with existing crypto companies to create the infrastructure required for Spot crypto trade. Currently, it offers high -net valuable customers with bank crypto -related ETFs, options and futures. However, the E*Trade initiative will expand access to daily investors.

Sources speaking to Bloomberg, Donald Trump’s task after the task of intimidation accelerated, which triggers a wave of regulation in the crypto currency sector, he said. These developments encouraged traditional financial companies to re -interact more clearly with the digital asset market.

In case of implemented, the release of E*Trade will reflect a wider institutional turn towards the crypto in the middle of the relaxation of US regulations. While Charles Schwab is also investigating ways to offer spot crypto trade, Sofi plans to make a deeper introduction into the sector after observing what it calls “a basic change in the US crypto environment.

Morgan Stanley purchased E*Trade in 2020 for $ 13 billion, taking advantage of the user base of the retail trade platform to open up to developing asset classes such as crypto. The planned proposal can significantly reshape the competitive environment by opening millions of retail accounts to digital assets.

*It is not an investment advice.