Morgan Stanley together with Charles Schwab plan to enter the cryptocurrency trading business. Morgan Stanley aims to launch spot crypto trading through its ETrade platform. The based timeline of 2026 which involves developing strategic agreements with crypto-native enterprises. Morgan Stanley intends to extend past their existing high-net-worth client-targeted cryptocurrency ETF business.
Schwab’s Crypto Timeline
The crypto market entry is on the horizon for Charles Schwab. During earnings calls CEO Rick Wurster expressed how the company feels certain it will attract crypto-investors thus aiming for direct spot crypto trading implementation by the following year.
Regulatory Shift Driving Change
The company made its announcements during major regulatory transformations that President Trump’s administration put into effect. The SEC removed Staff Accounting Bulletin 121 which maintained banks from keeping digital assets under their management. The Federal Reserve provided banks with relaxed rules concerning crypto partnerships by eliminating their obligation for obtaining prior approval.
Industry-Wide Impact
Similar guidance issued by the FDIC together with the OCC now provides banks more flexibility when operating in the crypto market. The financial industry shows signs of change through both crypto-native companies who apply for banking licenses and traditional financial institutions building new competitive strategies for this emerging market.
