Morgan Stanley has launched spot cryptocurrency trading on its E*TRADE platform, allowing eligible customers to buy, sell, and hold Bitcoin, Ethereum, and Solana. The service, announced Thursday, is powered by digital asset infrastructure provider Zero Hash, which also handles custody. Trades carry a 50-basis-point fee, and crypto transfer functionality is expected later this year.
Integrated Platform Update
The new offering lets investors view their cryptocurrency holdings alongside stocks and other investments in E*TRADE. Digital assets are held in linked Zero Hash accounts rather than by Morgan Stanley. The rollout coincides with a broader platform update that includes retirement planning tools, fractional share trading, an updated IPO Center, and new features for active traders.
“Our clients’ needs are evolving, and they want to invest, trade, bank, and plan for the future all in one place,” Matt Jones, Head of E*TRADE, said in a statement. “Whether they’re buying their first share, exploring crypto, participating in an IPO, or planning for retirement, our job is to meet them where they are – with the confidence and trust that comes from being part of Morgan Stanley.”
Expanding Digital Asset Strategy
Chad Turner, head of Morgan Stanley Wealth Management Platforms, said the launch advances the firm's digital assets strategy and brings new capabilities to clients in an integrated way. The move follows several crypto-related initiatives by Morgan Stanley this year. In January, the firm filed registration statements with the SEC for spot Bitcoin and Solana exchange-traded funds. In April, Morgan Stanley said it was exploring tokenization, tokenized money market funds, and tax-management tools for digital assets. Later that month, the bank introduced a money market fund designed for stablecoin issuers to manage reserves under the GENIUS Act.
Morgan Stanley first disclosed plans to bring crypto trading to E*TRADE in September 2025, saying it would initially support Bitcoin, Ethereum, and Solana through Zero Hash. The rollout completes that plan, adding direct spot crypto trading to the firm's brokerage platform as it continues to expand its digital asset offerings.