Sept 23 (Reuters) - Morgan Stanley ( MS ) will offer
cryptocurrency trading on its platform E*Trade from the first
half of 2026 through a partnership with Zerohash, an
infrastructure provider for the digital assets.
At launch, E*Trade clients will be able to trade bitcoin
, the world's largest crypto token, as well as ether
and solana, a spokesperson for Morgan Stanley ( MS )
said on Tuesday.
Once a niche asset class dismissed as speculative,
cryptocurrencies have grown into a market worth trillions of
dollars over the past decade, drawing in Wall Street banks,
asset managers and retail investors alike.
The Trump administration's supportive stance on
regulations has also helped crypto assets, with Wall Street
brokerages now expanding their offerings in the space to tap
into the lucrative business.
E*Trade rival
Robinhood
offers trading in a wide range of crypto tokens,
while Charles Schwab ( SCHW ) provides investors access to
exchange-traded funds tied to bitcoin and ether.
The digital assets market is currently valued at roughly
$3.9 trillion, with bitcoin accounting for about $2.25 trillion
and ether around $506 billion of the total, according to data
from CoinMarketCap.
Bloomberg News had first reported about the partnership.
Separately, Zerohash said on Tuesday it had reached unicorn
status after raising $104 million in a funding round led by
Interactive Brokers ( IBKR ), with Morgan Stanley ( MS ), SoFi and
others participating.