Morgan Stanley (MS) is exploring adding spot cryptocurrency trading to its E*Trade platform, Bloomberg reported Thursday, citing people familiar with the matter.
The bank aims to allow retail clients to buy and sell cryptocurrencies such as Bitcoin and Ether, the report said.
The crypto trading feature may launch sometime next year with the plan still in the early stages, the report said.
Morgan Stanley may look to partner with one or more crypto firms to build the trading system, the report said.
Morgan Stanley declined to comment to MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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