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May 1, 04:51 PM
Charles Schwab ($7.13T AUM) and Morgan Stanley to Launch Bitcoin and Ether Spot Crypto Trading on E*Trade by 2026
Fintech
Markets
Regulation
Tech
Crypto

Charles Schwab ($7.13T AUM) and Morgan Stanley to Launch Bitcoin and Ether Spot Crypto Trading on E*Trade by 2026

Authors
  • Bloomberg
  • Cointelegraph
  • unusual_whales
23

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.

Written with ChatGPT (GPT-4).

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