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5d ago

Morgan Stanley Sets E*Trade Crypto Trading for First Half of 2026 With Zerohash

A partner approach supplies infrastructure for a phased buildout into wallets, custody, and tokenization.

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The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File Photo
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Photo: Mike Blake

Overview

  • E*Trade clients will be able to trade Bitcoin, Ether, and Solana at launch, according to Morgan Stanley.
  • Zerohash will provide liquidity, custody, and settlement, and Morgan Stanley has taken a stake in the startup.
  • Zerohash raised $104 million in a round led by Interactive Brokers, reaching a $1 billion valuation with participation from Morgan Stanley and SoFi.
  • Morgan Stanley is developing a wallet capability and an asset-allocation framework that contemplates crypto exposure from zero to a few percentage points.
  • The move positions E*Trade against platforms like Robinhood and offerings at Charles Schwab as U.S. rules have become more permissive and the crypto market nears $3.9 trillion.