Morgan Stanley cuts crypto trading fees, undercutting Coinbase and Robinhood on BTC, ETH, SOL trades.

Morgan Stanley has launched cryptocurrency trading on its E*Trade platform with a fee of 50 basis points, significantly lower than competitors like Robinhood (95 bps), Coinbase (60 bps), and Charles Schwab (75 bps). The service currently supports Bitcoin, Ether, and Solana, and will be available to all 8.6 million E*Trade clients later this year. This move is part of Morgan Stanley's broader crypto strategy, including Bitcoin ETFs and plans for tokenized equities trading, signaling increased competition in crypto trading as traditional banks enter the space.