Wall Street Giants Morgan Stanley, Charles Schwab Gear Up for Direct Crypto Trading
In a significant move signaling traditional finance’s deepening embrace of digital assets, both Morgan Stanley and Charles Schwab have announced plans to offer direct cryptocurrency trading to their clients.
Morgan Stanley is reportedly aiming for a rollout on its E*Trade platform by 2026, according to Bloomberg sources familiar with the matter, while Charles Schwab indicated its intention to launch spot crypto trading within the next year, RIABiz reported in April.
These announcements highlight a growing trend among major financial institutions to cater to increasing investor demand for direct exposure to cryptocurrencies like Bitcoin and Ethereum. Until now, Morgan Stanley’s crypto offerings were primarily limited to…
