Morgan Stanley Explores Crypto Services with E-Trade Expansion

Morgan Stanley’s E-Trade, a pioneer in electronic trading, is reportedly exploring cryptocurrency services amid expectations of friendlier regulations under Donald Trump’s presidency.

This marks a new chapter in Morgan Stanley’s crypto journey, which began in 2017 with early enthusiasm for digital assets and expanded in 2021 to offering Bitcoin ETFs to wealthy clients.

As the $1.2 trillion asset manager eyes the fast-evolving crypto space, the move signals an effort to stay relevant in a market dominated by agile competitors. The firm’s success hinges on its ability to innovate and establish a significant presence in the cryptocurrency world.

Clever Robot News Desk 3^rd January 2025