E*TRADE has finished rolling out spot trading for Bitcoin, Ethereum, and Solana, letting eligible clients buy, sell, and hold the three coins inside their brokerage accounts. The Morgan Stanley subsidiary charges 50 basis points per transaction, a level the report frames as competitive against rivals such as Charles Schwab and Coinbase, which have higher fees.
E*TRADE, a subsidiary of Morgan Stanley, has completed its rollout of spot services for Bitcoin, Ethereum, and Solana, letting eligible clients buy, sell, and hold the three cryptocurrencies directly within their brokerage accounts. The move ties a major traditional-finance name more tightly to the crypto market.
The service carries a transaction fee of 50 basis points, which the report frames as competitive against other major platforms like Charles Schwab and Coinbase, whose fees run higher. That pricing could open a broader fight over retail crypto fees among traditional platforms.
The platform currently does not support transfers to external wallets, though that functionality is expected to arrive later this year. For now, clients can trade the coins but cannot move them off the platform.
Market participants appear to have responded positively, particularly on the potential impact for Solana. The report says the move may point to increased demand and activity, contributing to market expectations around Solana's price movement. It also notes the launch coincides with a broader trend of traditional financial institutions embracing digital assets.
The launch adds Morgan Stanley's brokerage arm to a growing list of traditional firms offering direct crypto access to retail clients.
Source: Crypto Briefing
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