Charles Schwab and Morgan Stanley are preparing to offer spot cryptocurrency trading to their clients, reflecting growing institutional adoption amid easing U.S. regulations. Charles Schwab, with $7.13 trillion in assets under management, plans to launch spot crypto trading within the next 12 months, according to CEO Rick Wurster. The firm has indicated it has received a green light from regulators to enter the crypto market. Meanwhile, Morgan Stanley aims to introduce spot Bitcoin and Ether trading on its E*Trade platform by 2026. The investment bank, managing $1.7 trillion in assets, is considering partnerships with crypto companies to expand access. E*Trade currently offers crypto ETFs and related products. Other financial institutions such as SoFi and BNY Mellon are also reportedly exploring digital asset offerings. These developments suggest a broader trend of mainstream financial firms integrating cryptocurrency trading services.
Another wild week for digital assets & Wall Street: 📈 Morgan Stanley eyes spot BTC trading on E*Trade by 2026 💼 Schwab plans crypto access within 12 months 💰 Saylor’s Strategy posts $5.8B BTC gain 🏛️ Arizona may approve BTC in state reserves Learn more in our newest Digital https://t.co/JTVLiJBdjr
Charles Schwab eyes crypto trading launch https://t.co/yP6mt7DkfC by @BrianSozzi
Morgan Stanley plans to offer crypto trading to E*Trade clients https://t.co/Zz7xpUpQjK