Morgan Stanley slashes crypto trading fees on E*Trade
Morgan Stanley is rolling out cut-price crypto trading on its E*Trade platform, charging 50 basis points per transaction. That is roughly half of Robinhood's rate and below competitors Coinbase and Charles Schwab. The move signals the bank's aggressive push into digital assets, aiming to capture retail investors with lower costs.
Key facts
- Morgan Stanley is offering crypto trading on E*Trade
- Fee is 50 basis points per transaction
- Fee is about half of Robinhood's rate
- Fee is below Coinbase and Charles Schwab
Entities
Institutions
- Morgan Stanley
- E*Trade
- Robinhood
- Coinbase
- Charles Schwab
Sources
- Quartz —