By Admin 
In cryptocurrency like bitcoin and ether, now common investors will also be able to invest very easily, as American bank Morgan Stanley is preparing to start crypto trading on its popular trading platform Etrade.
This step is considered to be the biggest effort towards making Crypto accessible to common customers by any big bank in America. Currently, this project is in the initial phase and it is expected to be launched in 2026.
What is the whole matter?
According to a report by Bloomberg, the company is partnership with large crypto firms, so that customers can get the option of buying and selling popular digital currency like bitcoin and ether.
With this move by Morgan Stanley, it will compete with existing crypto platforms like Robinhood and Coinbase. At the same time, its rival company Charles Schwab has also talked about the plan to start crypto trading this year. This announcement of both companies is likely to speed up competition in the crypto sector.
The attitude is changing about crypto
Actually, the government attitude towards Crypto in America has changed. The period of crypto friendly policy has started after President Donald Trump again came to power. Trump launched digital collections in his election campaign, accepted the donation related to Crypto and talked about making the US a “Crypto Rajdhani”.
Many old rules were removed at the beginning of his tenure, which gave banks open to steps towards digital assets. Institutions like SEC and Federal Reserve have also withdrawn old guidelines regarding crypto.
Morgan Stanley’s big decision
Morgan Stanley has already been offering services like Crypto ETF, Futures and Options through E*Trade. Now the company has decided to start the spot trading, ie direct crypto purchase and sale while taking it further. The company’s CEO Ted Pick says that they want to interact with regulators to ensure that this service is completely safe and in the interest of customers.
The move will give a direct competition to companies like Robinhood, which started trading crypto years ago and recently his crypto earnings also left behind the earnings from options. Not only this, now fintech companies like Sofi are also considering bringing crypto investing on their platform.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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