Morgan Stanley subsidiary looking to offer crypto trading amid regulatory optimism
Morgan Stanley’s crypto subsidiary, E-Trade, is preparing to offer crypto trading, The Information reported on Jan. 2, citing two people familiar with the plans.
According to the report, the lender’s move is motivated by its anticipation of a more favorable regulatory environment under President-elect Donald Trump’s incoming administration.
However, before launching such a service, E-Trade would need approval from key regulators, including the Federal Reserve. Its parent company is a bank holding organization, so it falls under the central bank’s oversight.
Morgan Stanley acquired E-Trade in 2020. At the time of its acquisition, it had over 5.2 million accounts and $360 billion in assets under management.
Morgan Stanley’s…
