E*TRADE completes spot crypto trading rollout for Bitcoin, Ethereum and Solana
Morgan Stanley-owned brokerage now offers eligible customers spot trading in BTC, ETH and SOL through Zerohash at a 0.50% fee, with crypto transfers and a shift to Digital Trust planned later this year.
E*TRADE has completed its rollout of spot cryptocurrency trading, giving eligible clients the ability to buy, sell and hold Bitcoin, Ether and Solana directly through its brokerage platform for a 0.50% transaction fee. Zerohash provides the underlying crypto infrastructure and holds the assets in linked customer accounts, while Morgan Stanley said crypto transfers into and out of accounts are expected later this year. The launch follows a pilot introduced in May and expands Morgan Stanley’s broader digital-asset push, which also includes planned Ethereum and Solana exchange-traded funds, a spot Bitcoin ETF, a referral arrangement with Galaxy Digital for crypto-backed investment exposure, and an application for a national trust bank charter. Later this year, Morgan Stanley plans to move the service from Zerohash to Morgan Stanley Digital Trust, its proposed national trust bank, as it builds out trading, custody and related crypto services across the group.
- spot cryptocurrency trading: Buying and selling the actual digital asset directly rather than gaining exposure through a fund or derivative.
- national trust bank charter: A U.S. regulatory approval that allows a trust bank to operate under federal oversight and provide services such as custody.
- custody: The holding and safeguarding of assets on behalf of clients by a financial institution or service provider.