E-Trade Considers Adding Crypto Trading
E-Trade, the online stock trading arm of Morgan Stanley, is reportedly considering adding cryptocurrency trading.
The move would make E-Trade one of the largest mainstream financial firms to offer crypto trading, The Information reported Thursday (Jan. 2).
E-Trade is considering doing so because it expects the regulatory environment to be more friendly to crypto under President-elect Donald Trump, the report said, citing unnamed sources.
Morgan Stanley did not immediately reply to PYMNTS’ request for comment.
Because Morgan Stanley is a bank holding company, it falls under the oversight of the Federal Reserve, and any E-Trade effort to add crypto trading would need the approval of the Fed and other regulators, according to…
