Morgan Stanley, Worth 1.6 Trillion Dollars, Prepares to Open Crypto Currency Transactions - Coin Bulletin

Morgan Stanley's online stock trading arm, E-Trade, with $1.6 trillion in assets under management, is planning to add cryptocurrency trading to its platform.

According to The Information, E-Trade is reportedly considering adding cryptocurrency trading to its platform with the expectation of a more positive regulatory environment for cryptocurrencies under the new Donald Trump administration. This information was obtained from two sources familiar with the company's plans.

E-Trade operates as a subsidiary of Morgan Stanley, offering brokerage and electronic trading services. While known for facilitating access to traditional investment instruments, the platform has begun to explore opportunities for expansion in the field of crypto trading, driven by the increasing interest in this area.

The expectation that the Trump administration may adopt a more friendly regulatory approach for cryptocurrencies is causing major financial institutions to reconsider their strategies in this field. E-Trade's move demonstrates that cryptocurrencies are increasingly being embraced in the mainstream financial world and that major players are preparing to enter this field.