Morgan Stanley To Launch Crypto Trading: Are Banks Paying Heed To Eric Trump’s Warning?

On 1 May 2025, Morgan Stanley revealed its plan to launch crypto trading through its E-Trade platform. According to a Bloomberg report, one of the most substantial banks -Morgan Stanley- plans to launch the crypto services in 2026. However, the project is in its nascent stage for now. Furthermore, Morgan Stanley is considering partnering with.. The post Morgan Stanley To Launch Crypto Trading: Are Banks Paying Heed To Eric Trump’s Warning? appeared first on 99Bitcoins.

crypto

May 2, 2025 - 20:01

0 1

On 1 May 2025, Morgan Stanley revealed its plan to launch crypto trading through its E-Trade platform. According to a Bloomberg report, one of the most substantial banks -Morgan Stanley- plans to launch the crypto services in 2026. However, the project is in its nascent stage for now.

Furthermore, Morgan Stanley is considering partnering with one or multiple established crypto firms as it sets up the mechanics for the brokerage’s clients to buy and sell popular tokens, including Bitcoin and Ether.

Notably, the move comes as Eric Trump, Executive Vice President of the Trump organization and, of course, the son of US President Donald Trump, issued a warning of extinction to traditional banks.

The financial landscape, specifically traditional banking, is going through a seismic shift, with digital assets and decentralized finance (DeFi) gaining trust among users.

Eric Trump has chosen a side. “There’s nothing that can be done on blockchain that can’t be done better than the way that the current financial institutions are working,” he said. “The modern financial system is broken, it’s slow, it’s expensive.”