MORGAN STANLEY PLANS TO OFFER BITCOIN AND ETHEREUM TRADING: REPORT

- Morgan Stanley is reportedly considering adding cryptocurrency trading to its E-Trade platform, a major move for the traditional finance giant.

Key Details:

- According to The Information, the bank aims to start with popular coins like Bitcoin and Ethereum, pending regulatory approval from the Federal Reserve.

- Per reports, this decision is influenced by the expectation of a more crypto-friendly regulatory environment under President-elect Donald Trump.

- Worth noting, Trump's crypto reforms promise a more lenient regulatory framework, possibly benefiting digital asset platforms.

- With 5.2 million accounts managing $360 billion, E-Trade's entry into crypto could increase retail participation in digital assets.

- Morgan Stanley's crypto push follows its acquisition of E-Trade in 2020, which could position the platform as a key player in the retail crypto space.