The post How Will Morgan Stanley’s Entry Into Crypto Trading Impact Major Exchanges? appeared first on Coinpedia Fintech News
Morgan Stanley, the biggest global asset manager, has shown bullish interest in cryptocurrency in its E-Trade platforms, breaking an age-old barrier. According to a report by The Information, this decision aligns with expectations of a more crypto-friendly regulatory environment under incoming US President Donald Trump. The move shows how banks are getting serious about crypto assets with the changing crypto scenario in the US.
Trump in his election campaign pledged to position the US as a global crypto hub, promising to appoint industry-friendly leaders to regulatory agencies and to create a Bitcoin Reserve to stabilize the US economy. This anticipated policy shift has encouraged Morgan Stanley to explore crypto trading, potentially bringing digital assets to the 5.2 million accounts on E-Trade, which collectively hold around $360 billion.
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