Morgan Stanley has reportedly introduced a crypto trading pilot on E*Trade, charging clients 50 basis points (0.5%) per transaction, according to a Bloomberg report on Wednesday.

The pilot is currently available to a limited group of users, with broader access expected later in the year for its 8.6 million E*Trade clients. Initial offerings are set to include major digital assets such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).

Morgan Stanley undercuts rivals on crypto trading costs

The pricing places Morgan Stanley below typical retail trading fees charged by platforms like Coinbase, Robinhood and Charles Schwab, signaling a more aggressive push into the retail crypto market. The move builds on the bank’s broader expansion into…