Morgan Stanley’s E*Trade Launches Spot Crypto Trading
Summary
- Morgan Stanley-owned online brokerage E*Trade has launched spot cryptocurrency trading.
- Eligible retail clients at E*Trade can buy, sell and hold Bitcoin (BTC), Ether (ETH) and Solana (SOL) through Zero Hash.
- Trading fees are 50 bp (0.5%), and the assets are not covered by FDIC or SIPC insurance.
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E*Trade, the online brokerage owned by Morgan Stanley, has launched spot cryptocurrency trading.
Eligible retail clients can buy, sell and hold Bitcoin, Ether and Solana through crypto infrastructure provider Zero Hash, Cointelegraph reported on July 16.
Crypto deposits and withdrawals are due to be added later this year.
Trading fees are 50 basis points, or 0.5%. Custody and trading are offered through a separate Zero Hash account. The assets are not covered by insurance from the Federal Deposit Insurance Corp. or the Securities Investor Protection Corp.
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