EddieJayonCrypto
3 Jan 25
Morgan Stanley's E-Trade division is considering offering crypto trading services, possibly influenced by the anticipated pro-crypto regulatory progress under the Trump administration. The firm has previously shown interest in Bitcoin indirectly but may now expand into direct crypto offerings. This ...
E-Trade, a division of Morgan Stanley, is contemplating offering crypto trading services due to anticipated pro-crypto regulatory progress under the Trump administration. This potential move is linked to favorable expectations for crypto regulations under the new administration. The plan is still in the exploratory stage, and its implementation timeline is uncertain.
Morgan Stanley is eager to enter the crypto trading market, exploring direct offerings to capitalize on growing digital asset adoption. The firm has long held a bullish view on Bitcoin but has primarily provided indirect access to it. If it moves forward with the E-Trade plan, it would mark a significant new expansion. However, this plan is still in the exploratory stage, and its timeline remains unclear.
Reportedly, this policy reversal comes from an expectation of beneficial crypto regulations under Trump’s administration. The firm is betting on positive developments in the regulatory landscape. Even if Morgan Stanley fully intends to proceed with this plan, it is still in the early stages of exploration, and the specifics will take time to develop and implement. Nonetheless, the impending start of Trump’s term may provide a powerful incentive to launch.
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