Svmuu News: E*TRADE, the online investment platform owned by Morgan Stanley, announced the launch of its cryptocurrency spot trading feature. Eligible customers can now buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly through the E*TRADE platform.
This cryptocurrency trading service is powered by zerohash, a digital asset infrastructure provider. Users can trade through their linked zerohash accounts and view both their digital assets and traditional investment portfolios within the E*TRADE platform.
E*TRADE stated that the fee for spot crypto trading is set at 50 basis points (50 bps), and the asset transfer feature is expected to launch later this year.
This launch marks a further step in Morgan Stanley’s digital asset strategy. Previously, E*TRADE has continuously upgraded its investment services, including the launch of retirement planning tools, fractional share trading, upgrades to its IPO Center, and optimizations to the Power E*TRADE Pro features for active traders. (Businesswire)