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Morgan Stanley executives are considering adding spot cryptocurrency trading to the E* trade platform within the next year, Bloomberg reported Thursday.
Bitcoin reached its highest price since late February, following the report.
The report comes as regulators have shifted to a softer stance on code enforcement under the Trump administration.
Morgan Stanley, a major bankerMS) According to a report on Thursday, it is considering bringing cryptocurrency trading to its clients through the e* trade platform.
Citing those familiar with the issue, Bloomberg reported that there is an ongoing discussion within the bank about adding spot cryptocurrency transactions. Executives said they are considering introducing the service sometime in 2026.
The report said the banks “we are “considering partnering with one or more established crypto companies” to find out the best ways to add transactions to their platform.
Bitcoin (btcusd) It reached its highest level since late February early on Thursday morning, and recently fell just below $97,000. Robinhood stock (Food) fellow trading platform Coinbase (coin) It rose slightly as large banks could face increased competition if they entered crypto trading.
The report comes as regulators have shifted to a softer stance on code enforcement under the Trump administration. Crypto industry executives cheer on Trump’s election victory, and President Donald Trump says he wants to make the United States the “cypto capital of the planet.”
Morgan Stanley did not immediately respond to requests for comment.
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