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'Still So Early On This Journey': Morgan Stanley Launches Lower-Cost Crypto Trading
Just a week after Amy Oldenburg, Morgan Stanley’s head of digital assets, spent the better part of an hour making a case for bitcoin that few clients have heard in full (a gap she says is the industry’s most urgent problem), the bank announces the launch of crypto trading on E*Trade, charging 50bps in a pilot that undercuts rivals like Coinbase, Robinhood, and Charles Schwab. CoinDesk reports that Morgan Stanley’s Head of Wealth Management, Jed Finn, said the initiative goes beyond offering cheaper crypto trading and is aimed at “disintermediating the disintermediators,” framing it as a broader structural ... (full story)
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