Morgan Stanley Launches E*Trade Crypto Trading Service with 0.5% Fee

Techub News, according to crypto.news, Morgan Stanley launched an E*Trade cryptocurrency trading pilot on May 6, charging 0.5% for Bitcoin, Ethereum, and SOL trades, lower than Schwab and Fidelity, with infrastructure provided through Zerohash. 8.6 million E*Trade customers are expected to gain access within the year. The bank also plans to launch a proprietary digital wallet in the second half of the year, supporting cryptocurrencies and tokenized assets. The pilot currently does not support staking, with Zerohash managing backend operations.