Morgan Stanley Plans Expansion into Bitcoin Trading and Custody Services

Morgan Stanley is set to broaden its digital asset services by introducing Bitcoin trading, custody, and lending options for its clients. According to NS3.AI, the financial institution will initiate spot cryptocurrency trading through E-Trade, aiming to establish a fully integrated custody and exchange platform. This move is designed to offer comprehensive crypto services under Morgan Stanley's reputable brand. While the firm is developing custodial solutions, it recognizes that some clients may opt for self-custody. Additionally, Morgan Stanley is in the early stages of exploring further yield and lending products.