Morgan Stanley is reportedly planning to introduce cryptocurrency trading on its E-Trade platform by 2026. This move, influenced by President Trump’s pro-crypto actions, could allow retail investors direct access to Bitcoin and Ethereum. Currently, only affluent clients can invest in digital assets through the bank. Other institutions like SoFi are considering similar offerings in this evolving financial landscape.
In a notable shift within the banking sector, Morgan Stanley’s E-Trade is expected to launch cryptocurrency trading next year, as reported by Bloomberg. While plans are still quite preliminary, sources indicate that the bank aims for integration of digital assets by 2026, although no specific timeline has been disclosed. This development comes in response to the recent pro-crypto climate fostered by President Donald Trump, whose actions have sparked interest among financial institutions.
Currently, Morgan Stanley offers a range of digital asset investment products primarily for its affluent clientele, including exchange-traded funds (ETFs) and options. If the rollout goes ahead, it would represent a significant leap for the bank, enabling retail investors to trade popular digital currencies like Bitcoin (BTC) and Ethereum (ETH) directly through E-Trade.
The plans are seemingly part of a broader trend as other banks start to eye similar offerings. Institutions such as SoFi are reportedly considering introducing crypto trading on their platforms, potentially following in Morgan Stanley’s footsteps as competition rises. The move by Morgan Stanley could set a precedent for how traditional banking approaches cryptocurrency in the near future.
Meanwhile, recent developments in crypto regulation have been prompted by Trump’s initiatives. His administration’s various actions—like establishing a strategic Bitcoin reserve, reducing the regulatory burdens imposed by the U.S. Securities and Exchange Commission (SEC), and appointing a dedicated “crypto czar”—are seen as stepping stones toward a clearer regulatory framework for digital assets. These efforts are also believed to be influencing banks’ decisions to enter the crypto marketplace.
As the financial landscape evolves, it’s crucial for investors to remain aware of the key risks involved with cryptocurrency. The Daily Hodl reminds individuals to conduct thorough research and consider personal risk tolerance before diving into the world of digital assets. With the potential for substantial rewards comes an equally significant level of risk, and trading in cryptocurrencies should be approached with caution.
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