Morgan Stanley don launch cheaper crypto trading on E*Trade
Morgan Stanley don start small crypto trading pilot for im E*Trade platform, dem dey offer lower all-in fees to make TradFi access to crypto easier. The broker dey charge about 50 basis points (bps) per trade based on transaction value. For comparison, Robinhood dey start for 95 bps, while Coinbase and Charles Schwab dey start for 60 bps and 75 bps respectively.
The bank wan roll out the service to all 8.6 million E*Trade clients later this year. Jed Finn, head of wealth management, talk sey the move "bigger pass" just pricing, and dem want "disintermediate the disintermediators" by sending clients through channels wey dem sabi.
Bloomberg also report sey Morgan Stanley dey study ETP-style structure wey fit convert crypto holdings into exchange-traded product shares without outright selling the underlying assets. Dem still plan tokenized equity trading for 2H 2026.
For traders, near-term takeaway na more fee competition and possible wider retail funnel into crypto-related products, though the pilot still limited for now. Morgan Stanley broader digital-asset push include spot Bitcoin ETF distribution, filings for spot Ethereum and Solana ETFs, and trust-bank charter application to support trading and staking.
Neutral
Di launch na na about tru TradFi access an fee competition, no be say e go create new demand for any one coin sharp sharp now. Morgan Stanley lower crypto trading fees for E*Trade fit slowly bring more retail flow over time (na supportive, long-term effect), but the pilot small reach mean sey near-term price impact on BTC/ETH/SOL go likely muted. The reported ETP-like conversion idea and future tokenized-equity trading na long-term matters and depend on execution and regulatory approval, so dem no be immediate price drivers. Overall, traders fit see more attention and activity around brokerages and crypto-related ETFs, but fundamentals for the coins dem dey change gradually, pointing to neutral price impact.