Morgan Stanley triggers crypto fee war on exchanges

cryptonews

05/12

Morgan Stanley launched a crypto price war on E*Trade at 50 basis points, undercutting Coinbase and Schwab. Summary Morgan Stanley launched a pilot on May 6 allowing E*Trade users to trade ...

网页链接

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2634255145"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2634255145\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2634255145?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-12 06:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2634255145","market":"sg","top_or_hot":-1,"title":"Morgan Stanley triggers crypto fee war on exchanges","media":"cryptonews","content":"<div>\n<p>Morgan Stanley launched a crypto price war on E*Trade at 50 basis points, undercutting Coinbase and Schwab.\n\n\nSummary\n\n\n\nMorgan Stanley launched a pilot on May 6 allowing E*Trade users to trade ...</p>\n\n<a href=\"https://crypto.news/morgan-stanley-launches-crypto-price-war-on-etrade/\">网页链接</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley triggers crypto fee war on exchanges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley triggers crypto fee war on exchanges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-12 06:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/morgan-stanley-launches-crypto-price-war-on-etrade/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Morgan Stanley launched a crypto price war on E*Trade at 50 basis points, undercutting Coinbase and Schwab.\n\n\nSummary\n\n\n\nMorgan Stanley launched a pilot on May 6 allowing E*Trade users to trade ...</p>\n\n<a href=\"https://crypto.news/morgan-stanley-launches-crypto-price-war-on-etrade/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2089284900.SGD","symbol_name":"Allianz Global Sustainability Cl AM Dis H2-SGD","start_time":0,"source_url":"https://crypto.news/morgan-stanley-launches-crypto-price-war-on-etrade/","article_id":"2634255145","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/morgan-stanley-launches-crypto-price-war-on-etrade/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2634255145","pubTimestamp":1778538000,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Morgan Stanley launched a crypto price war on E*Trade at 50 basis points, undercutting Coinbase and Schwab.Morgan Stanley launched a pilot on May 6 allowing E*Trade users to trade Bitcoin, Ether, and Solana at 50 basis points per trade via Zerohash.The fee undercuts Schwab’s 75bps, Fidelity’s 1%, and Coinbase’s retail rates, prompting Bloomberg analyst Eric Balchunas to warn crypto exchanges to be scared.Morgan Stanley plans to expand crypto access to all 8.6 million E*Trade clients later in 2026 alongside a proprietary digital wallet.Morgan Stanley has launched a crypto trading pilot on its ETrade platform at 50 basis points per trade, immediately undercutting every major retail rival. Bitcoin, Ether, and Solana are available directly inside ETrade brokerage accounts via Zerohash, which handles liquidity, custody, and settlement.Prediction markets are now trading on Elon Musk’s dopamine","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","BK4504":"桥水持仓","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4594":"比特币ETF概念","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","BK4601":"加密货币现货ETF","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU1732800096.USD":"摩根大通环球收益基金A (irc)","BK4585":"ETF&股票定投概念","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0557290698.USD":"施罗德环球可持续增长基金","COIN":"Coinbase Global, Inc.","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","BK4581":"高盛持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","BK4534":"瑞士信贷持仓","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","MS":"摩根士丹利","BK4127":"投资银行业与经纪业","LU0106831901.USD":"贝莱德世界金融基金A2","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","SCHW":"嘉信理财","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0882574139.USD":"富达环球消费行业基金A ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","BK4588":"碎股","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4516":"特朗普概念"},"translate_title":"摩根士丹利引发交易所加密货币费用大战","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MS":1.97,"SCHW":1.81,"COIN":1.87},"content_text":"Morgan Stanley launched a crypto price war on E*Trade at 50 basis points, undercutting Coinbase and Schwab.\n\n\nSummary\n\n\n\nMorgan Stanley launched a pilot on May 6 allowing E*Trade users to trade Bitcoin, Ether, and Solana at 50 basis points per trade via Zerohash.\nThe fee undercuts Schwab’s 75bps, Fidelity’s 1%, and Coinbase’s retail rates, prompting Bloomberg analyst Eric Balchunas to warn crypto exchanges to be scared.\nMorgan Stanley plans to expand crypto access to all 8.6 million E*Trade clients later in 2026 alongside a proprietary digital wallet.\n\n\n\nMorgan Stanley has launched a crypto trading pilot on its ETrade platform at 50 basis points per trade, immediately undercutting every major retail rival. Bitcoin, Ether, and Solana are available directly inside ETrade brokerage accounts via Zerohash, which handles liquidity, custody, and settlement.\nThe 50-basis-point fee sits below Schwab’s 75bps, Fidelity’s 1%, and Coinbase retail fees that can exceed 0.5% depending on tier and payment method. Jed Finn, Morgan Stanley’s head of wealth management, said the move is “much bigger than trading crypto at a cheaper rate,” describing it as a strategy to keep its 8.6 million clients inside its own ecosystem.\nWhy crypto exchanges are watching nervously\nBloomberg ETF analyst Eric Balchunas warned immediately after the launch that “crypto exchanges should be scared.” He drew a direct comparison to the fee race that followed the launch of spot Bitcoin ETFs, which saw providers start at 50 basis points before Morgan Stanley undercut them all with a 14-basis-point offering.\n“By the time the dust settles it’ll be pretty dirt cheap to trade crypto everywhere,” Balchunas said. Industry leaders pushing back noted the perspective is US-centric, with global platforms already diversified beyond spot-trading fees into derivatives, DeFi, and international markets.\nCoinbase, which posted a $1.49-per-share quarterly loss for Q1 2026 on revenue of $1.41 billion, already launched commission-free stock trading in February as part of its “Everything Exchange” strategy to reduce dependence on crypto trading fees.\nThe scale of Morgan Stanley’s distribution advantage\nMorgan Stanley’s 16,000 financial advisors oversee $9.3 trillion in client assets, a distribution channel crypto-native platforms cannot match. The pilot is small for now, but the bank plans to roll out access to all 8.6 million E*Trade clients later in 2026 alongside a proprietary digital wallet capable of holding crypto alongside tokenized stocks, bonds, and real estate.\nThe move follows Morgan Stanley’s April 8 launch of its own spot Bitcoin ETF, MSBT, which charges just 14 basis points and avoided outflows throughout its entire first month of trading, a record no other spot Bitcoin ETF matched during the same period.\n\n\n\n\n\n                Read more:\n            \n\n                Prediction markets are now trading on Elon Musk’s dopamine","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}