Morgan Stanley: Launches Crypto Trading on E*Trade

Morgan Stanley fires the first shot in crypto trading wars, rolling out access on its E*Trade platform at just 50bps per trade. This move undercuts Schwab's 75bps rate, which already slashed into Coinbase's territory. Expect Schwab to retaliate hard—they won't sit idle. More players will pile in, driving fees lower across crypto trading platforms. By dust-settling time, Bitcoin trading fees could plummet, boosting volumes in this heated crypto market competition. Traders eye BTC amid the hype, as platforms like these chase crypto market undercut strategies to dominate retail flows.