One of Wall Street’s largest monetary establishments, Morgan Stanley, has introduced plans to launch cryptocurrency buying and selling on its E*Trade platform within the first half of 2026, facilitated by way of a partnership with Zerohash, an organization specializing in infrastructure for digital property.
Reuters reported on Tuesday that E*Trade purchasers will initially have the chance to commerce main cryptocurrencies, together with the market’s main asset Bitcoin (BTC), in addition to Ethereum (ETH) and Solana (SOL).
E*Trade To Launch Crypto Trading
Morgan Stanley’s transfer comes as a response to competitors throughout the trade. Rivals akin to Robinhood (HOOD) already present entry to a variety of cryptocurrencies, whereas Charles Schwab affords exchange-traded funds linked to Bitcoin and Ethereum.
As the digital property market at present stands at roughly $3.9 trillion, with Bitcoin alone accounting for round $2.25 trillion and Ethereum about $506 billion, the stakes are excessive for monetary companies seeking to interact on this evolving panorama.
The choice to embrace crypto buying and selling displays a broader pattern throughout the monetary sector. Once seen as a speculative asset class, cryptocurrencies have matured right into a multi-trillion-dollar market, capturing the eye of Wall Street banks, asset managers, and retail traders alike.
As highlighted by the report, the supportive regulatory setting established by the Trump administration has contributed to this transformation, encouraging monetary establishments to broaden their choices within the crypto house to capitalize on its profitable potential.
Morgan Stanley Monitors Stablecoin Developments
In a associated growth, Zerohash introduced that it has achieved unicorn standing following a current funding spherical that raised $104 million, led by Interactive Brokers, with participation from Morgan Stanley and SoFi amongst others.
Additionally, different main monetary gamers are exploring numerous avenues within the crypto sector. Citigroup is considering the introduction of stablecoin custody companies and crypto-focused exchange-traded funds (ETFs), whereas Bank of America is reportedly growing its personal stablecoin, though no particular timeline has been disclosed.
Morgan Stanley can be holding a detailed eye on stablecoin developments, with CFO Sharon Yeshaya acknowledging their potential advantages whereas noting that it stays early to evaluate their impression on the financial institution’s operations.
Even companies like JPMorgan Chase, led by CEO Jamie Dimon—who has traditionally expressed skepticism about Bitcoin—are actually contemplating involvement within the realm of stablecoins, indicating a shift in attitudes throughout the trade.
Despite an preliminary restoration to retest all-time excessive ranges above the $120,000 mark, the main cryptocurrency has retraced as soon as once more again to $112,867, the decrease vary of its ongoing consolidation section between $110,000 and $115,000.
All main cap altcoins like Ethereum, XRP, and Solana have additionally confronted related challenges on the weekly timeframe, recording losses of 6%, 5%, and seven% respectively.
Featured picture from CNN, chart from TradingView.com
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