The post Morgan Stanley’s E-Trade To Consider Crypto Trading Services appeared first on Coinpedia Fintech News
In the latest development, Morgan Stanley’s E-Trade is reportedly considering offering crypto trading services. The firm’s online stock trading company is considering the idea, as per a report from The Information
Notably, the firm currently offers indirect exposure to digital assets through investment products such as futures, ETFs, and stocks related to crypto assets. These include Grayscale Bitcoin Trust (GBTC) and ProShares Bitcoin Strategy ETF (BITO).
If implemented, the move would establish E-Trade as one of the largest traditional financial institutions to enter the digital asset trading space, creating direct competition with established crypto exchanges like Coinbase and would turn out to be a massive entry point for mainstream investors interested in trading these assets.
The Trump Effect?
The decision to explore cryptocurrency services is linked
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