Eligible customers can now trade three major cryptocurrencies alongside traditional assets with a 0.5% fee per transaction.
Morgan Stanley has enabled spot trading for Bitcoin, Ethereum, and Solana on its E*Trade platform for eligible clients. The service, executed through digital asset infrastructure provider Zero Hash, allows investors to manage crypto holdings alongside stocks and other investments within the same interface.
The move follows Morgan Stanley’s recent filings for crypto ETFs, tokenization projects, and stablecoin initiatives announced earlier this year. Trades will incur a 50-basis-point fee, while crypto transfer functionality is expected to launch later in 2024. The update also introduces retirement planning tools, fractional shares, and enhanced IPO access.
Matt Jones, Head of E*Trade, stated the expansion aims to meet evolving client demands for integrated investment solutions. Crypto assets will be custodied by Zero Hash rather than Morgan Stanley directly.