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CryptoMediumUpdated×4•Originally published 6 May 2026•Updated 6 May 2026•

1 min read

Morgan Stanley Launches Crypto Trading on E*Trade with Competitive Fees

Key Facts

1Morgan Stanley launched cryptocurrency trading through its E*Trade platform with transaction fees of 50 basis points.

2The new pricing strategy aims to undercut competitors like Coinbase, Robinhood, and Charles Schwab.

28 days ago

Version History

1 additional source confirmed this story

Version 428 days ago

What changed: Updated to include the national trust bank charter application for custody, plans for tokenized equity trading in 2025, and a new crypto-to-ETP conversion feature.

Version 328 days ago

What changed: Confirmed the pilot phase status and attributed the fee structure details to Bloomberg reports.

Version 228 days ago

What changed: Added specific fee comparisons against Robinhood, identified supported assets (BTC, ETH, SOL), and included Charles Schwab as a key competitor.

Version 128 days ago

What changed: The update links the crypto trading launch to the bank's prior success with spot Bitcoin ETFs.

Morgan Stanley is significantly expanding its digital asset footprint via E*Trade by applying for a national trust bank charter to provide direct cryptocurrency custody services. This strategic move complements the platform's new trading feature for assets like BTC and ETH, which utilizes a competitive 50-basis-point fee structure to undercut rivals like Robinhood. Looking ahead, the firm plans to introduce tokenized equity trading in 2025, signaling a deeper commitment to blockchain-based financial instruments. Additionally, Morgan Stanley is developing a proprietary feature allowing clients to convert crypto holdings into Exchange-Traded Products (ETPs) without triggering a sale of their positions. These initiatives aim to provide a seamless institutional-grade experience for E*Trade’s 8.6 million clients. Collectively, these updates represent a shift from retail trading toward a comprehensive digital asset ecosystem.