Morgan Stanley's E*TRADE officially launches cryptocurrency spot trading

According to Businesswire, Morgan Stanley's online investment platform ETRADE announced the launch of its cryptocurrency spot trading feature, allowing eligible customers to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly through the ETRADE platform. It is reported that the current trading fee for cryptocurrency spot transactions is set at 50 basis points (50 bps), and the asset transfer feature is expected to be launched later this year.

Previously, ETRADE has been continuously upgrading its investment service system, including the introduction of retirement planning tools, fractional share trading, an upgraded IPO center, and optimizations for the Power ETRADE Pro features aimed at active traders. E*TRADE head Matt Jones stated that investor demand is constantly changing, and users want to be able to complete investment, trading, asset management, and future planning on the same platform. "Whether it's buying the first stock, exploring crypto assets, or participating in IPOs and retirement planning, the platform needs to provide trustworthy services."