📣 Traditional financial giants are stepping into the crypto space again! Morgan Stanley plans to launch spot trading services for cryptocurrencies

According to Bloomberg, Morgan Stanley is planning to introduce spot trading for Bitcoin and Ethereum on its E*Trade platform as early as next year, marking the latest move in the bank's expansion into crypto business.

Currently, E*Trade offers crypto ETFs and derivatives. Launching spot trading is seen as a natural next step. It is reported that Morgan Stanley is considering partnering with one or more crypto companies to implement this feature.

In addition to Morgan Stanley, traditional financial institutions such as Charles Schwab, the fintech platform SoFi, and the world's largest asset custody bank BNY Mellon are also adjusting their digital asset strategies, indicating that institutional interest in crypto assets is rapidly heating up.