91-year-old Wall Street bank to challenge Coinbase, Robinhood

The brokerage steadfast Robinhood Markets (Nasdaq: HOOD), launched successful 2013, has besides go precise fashionable among crypto traders.

But a Wall Street slope is present attempting to situation these ascendant players with little fees.

Related: BlackRock reveals astonishing caller plus class

Morgan Stanley (NYSE: MS) is launching crypto trading services with a cheaper pricing exemplary connected its E*Trade platform, Bloomberg reported connected May 6.

The bank's aviator programme charges a interest of 50 ground points on the dollar worth of each crypto transaction and is expected to connection entree to its 8.6 cardinal clients aboriginal this year.

In contrast, exchanges like Coinbase, Robinhood, and Charles Schwab complaint 60 to 95 ground points on transaction value.

Trending connected TheStreet Roundtable:

• Eric Trump unveils caller logo arsenic his father's marque takes implicit U.S. Government

• MicroStrategy manager sells institution shares up of earnings

• Major U.S. banks propulsion backmost connected caller CLARITY Act proposal

Morgan Stanley not caller to crypto

Morgan Stanley has already launched a spot Bitcoin exchange-traded money (ETF), which has much than $230 cardinal successful nett assets arsenic of May 5, arsenic per SoSoValue. The slope is besides trying to motorboat ETFs linked to Ethereum (ETH) and Solana (SOL).

The Wall Street elephantine is besides trying to unafraid a national spot slope charter truthful that it can directly custody crypto assets.

As per Bloomberg, Morgan Stanley is besides considering launching services to convert crypto holdings into ETFs without selling. Besides, it is besides looking to launch tokenized equity trading successful immoderate time.

Bitcoin was trading at $81,905.36 astatine property time, Ether at $2,382.78, and Solana at $88.52. The total crypto marketplace capitalization stood astatine $2.79 trillion astatine the clip of writing.

Related: 64-year-old concern slope says Wall Street is losing crypto confidence

This communicative was primitively published by TheStreet connected May 6, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.