The bank advances in its plans to integrate operations with cryptocurrencies into its investment platform. The proposal would include assets such as Bitcoin and Ethereum, and its launch is projected by 2026.
Morgan Stanleyone of the most important investment banks in the world, advances in their plans to integrate operations with cryptocurrencies within its investment platform, E*Trade. The proposal would include assets such as Bitcoin and Ethereum, and its launch is projected by 2026.
The financial entity is evaluating alliances with consolidated companies of the crypto ecosystem to build the infrastructure that allows it to take this step. The movement responds to a more flexible regulatory context in the United States, driven by Donald Trump’s administrationwho publicly demonstrated his support for the development of the crypto industry.
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Strong competition with other actors in the cryptocurrency sector
Until now, Morgan Stanley only offered its high -heritage customers products related to cryptocurrencies, such as Bitcoin ETF and derivatives. However, with this new strategy it aims to compete directly with platforms such as Coinbase and Robinhoodexpanding its scope towards the retail public.
The initiative adds to a trend that already followed other traditional signatures of the stock market, such as Fidelity and Interactive Brokers. The growing interest in digital assets and greater normative opening are leading large financial institutions to explore new investment spaces.
Source: Ambito
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