Morgan Stanley to Unlock $1.3T Crypto Trading via E-Trade in 2026

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Hassan ShittuTue, Sep 23, 2025, 6:31 PM 4 min readMorgan Stanley is preparing to bring cryptocurrency trading for E-Trade clients in the first half of 2026, a move that could open access to as much as $1.3 trillion in trading volume.The Wall Street giant is partnering with crypto infrastructure provider Zerohash to support liquidity, custody, and settlement, marking one of the most significant steps yet by a major U.S. bank into digital assets.According to Bloomberg, the offering will begin with Bitcoin, Ether, and Solana, with plans to expand to a broader range of services.The service will begin with spot trading for the three largest cryptocurrencies by market value, but Morgan Stanley executives have indicated that the offering is only the first step.Jed Finn, Morgan Stanley’s head of wealth management, described the rollout as “phase one,” noting that the bank is also developing a wallet that would allow clients to hold and manage digital assets directly alongside their traditional portfolios.“The underlying technology has been proven and blockchain-based infrastructure is obviously here to stay,” Finn said, emphasizing the goal of integrating both traditional and digitized assets within the same ecosystem.Morgan Stanley, which generates nearly half of its revenue from wealth management, is positioning itself at the intersection of traditional finance and emerging digital markets.The launch is expected to draw more institutional and retail investors into cryptocurrencies while also giving the bank a competitive edge over rivals.The initiative comes at a time when competitors such as Charles Schwab are also exploring digital asset offerings, while Robinhood has already established a strong presence, generating $626 million from crypto trading last year.Notably, JPMorgan had earlier this year partnered with Coinbase to improve crypto purchases for customers.For Morgan Stanley, direct crypto trading will replace earlier exposure strategies, where clients accessed digital assets through external managers like Galaxy Digital.The new model allows the bank to cut third-party fees and provide clients with direct ownership of coins, though this also comes with higher risks.Zerohash, Morgan Stanley’s chosen infrastructure partner, recently raised $104 million in a Series D round led by Interactive Brokers and is now valued at $1 billion.Morgan Stanley participated in the funding, reinforcing its commitment to the collaboration. Zerohash’s role will be central in ensuring that the platform can manage large-scale trading while meeting regulatory standards for custody and settlement.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,681.47 -12.28 (-0.18%)Dow 3046,425.69 +44.15 (+0.10%)Nasdaq22,709.51 -79.46 (-0.35%)Russell 20002,479.64 +16.30 (+0.66%)VIX16.31 +0.21 (+1.30%)Gold3,807.10 +32.00 (+0.85%)PortfolioSign in to access your portfolioSign inTop gainersBBAI BigBear.ai Holdings, Inc. 8.19 +1.11 (+15.61%)CXT Crane NXT, Co. 65.30 +8.82 (+15.62%)ASTS AST SpaceMobile, Inc. 55.87 +7.02 (+14.37%)LB LandBridge Company LLC 59.67 +7.48 (+14.32%)RZLV Rezolve AI PLC 7.28 +0.89 (+14.03%)Top losersBRBI BRBI BR Partners S.A. 17.70 -45.98 (-72.20%)FLY Firefly Aerospace Inc. 43.13 -6.39 (-12.90%)DGNX Diginex Limited 15.38 -2.38 (-13.38%)GMRE Global Medical REIT Inc. 34.50 -3.45 (-9.10%)SYM Symbotic Inc. 56.09 -4.65 (-7.65%)Most activePLUG Plug Power Inc. 2.6801 +0.0266 (+1.00%)OPEN Opendoor Technologies Inc. 7.88 -0.50 (-5.93%)BBAI BigBear.ai Holdings, Inc. 8.19 +1.11 (+15.61%)NVDA NVIDIA Corporation 179.47 -4.14 (-2.25%)SOUN SoundHound AI, Inc. 18.06 +0.75 (+4.34%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersTSM Taiwan Semiconductor Manufacturing Company Limited 281.80 +9.17 (+3.36%)BBAI BigBear.ai Holdings, Inc. 8.16 +1.07 (+15.18%)SOUN SoundHound AI, Inc. 18.07 +0.76 (+4.36%)ASTS AST SpaceMobile, Inc. 55.93 +7.08 (+14.48%)TDOC Teladoc Health, Inc. 8.75 +0.56 (+6.78%)Top economic events