Morgan Stanley’s Bizarre Crypto Plot Revealed – You Won’t Believe Who’s Involved! 🤯

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What the Well-Informed Should Know:

  • Morgan Stanley is bustling about, tinkering with a crypto trading gizmo for E*Trade, aiming to spring it upon the unsuspecting public in 2026 (if the committee on delays doesn’t intervene, of course).
  • The bank is poking around for chums in the crypto world to help whip up a spot trading contraption for the likes of BTC and ETH. One imagines several chaps in suits staring moodily at whiteboards.
  • With the Trump administration letting the crypto cows out of the regulatory barn, every Wall Street chap suddenly wishes to re-enter crypto—and possibly wear sunglasses indoors.

Morgan Stanley (that familiar name on a chap’s monthly statement), is hatching a plan to launch cryptocurrency trading on its E*Trade platform. Apparently, this is the boldest maneuver yet by a venerable U.S. bank to allow retail investors to dabble directly in the arcane art of crypto—no monocle or secret handshake required. 🕵️‍♂️

The scheme, still at the “plate of sandwiches and many nods” stage, might see the light of day next year. Bloomberg, ever the fly on the mahogany-panelled wall, claims MS is courting partnerships with crypto-savvy firms for spot trading infrastructure—presumably to avoid inventing the blockchain wheel all over again.

If it comes off, this would be quite the broadening of MS’s crypto tentacles. Presently, their offerings are limited to ETFs, options, futures, and possibly the odd mysterious envelope slipped to wealthy clients named Bunny or Muffy. The whole hullabaloo is said to have gained pace when Donald Trump returned to the White House last year and set about the crypto rulebook with his regulatory scissors ✂️.

Depending on the precise nature of MS’s E*Trade crypto adventures, this may well set the cat among the pigeons for established crypto exchanges like Coinbase and Kraken. 🐦🐱

Not one to be outdone at the financial cocktail party, Charles Schwab has been spotted eyeing spot trading too. Meanwhile, SoFi—having divined some sort of cosmic shift in the U.S. crypto landscape—is mulling its own grand entrance. One can only imagine the PowerPoints being prepared.

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2025-05-01 15:03