The bank rolls out a pilot program allowing E*Trade clients to trade cryptocurrencies with a 50-basis-point transaction fee.
Morgan Stanley has initiated a pilot program enabling E*Trade clients to trade cryptocurrencies with a fee of 50 basis points per transaction. The move marks a low-cost entry into digital asset trading for the bank’s retail brokerage platform.
The 0.5% fee undercuts many existing crypto trading platforms, which typically charge higher spreads or commissions. This pilot follows growing institutional interest in offering crypto services to mainstream investors.
No immediate market reaction was reported, but the development signals potential expansion in retail crypto access through traditional brokerages.