A subsidiary of Morgan Stanley is considering adding cryptocurrency services to TradFi's existing product suite.
Morgan Stanley's e-commerce firm is reportedly exploring the possibility of offering cryptocurrency and digital asset trading to its clients, according to... Information On Thursday, January 2nd. E-commerce currently offers bonds, stocks, index funds, and other traditional financial investment products. Morgan Stanley acquired the brokerage in 2020.
The report noted that expectations of cryptocurrency-friendly regulations under President Donald Trump's administration are likely a precursor to the potential e-commerce decision.
Bullish sentiment around cryptocurrencies rose after Trump won the US general election in November. His campaign promises to create a strategic Bitcoin (Bitcoin) and the nomination of officials who are experts in the field of cryptocurrencies such as David Sachs and Paul Atkins, and the acceleration of the value of Bitcoin after the elections has strengthened the industry’s expectations for 2025.
Old banks like Goldman Sachs Hint When participating in cryptocurrency markets if permitted by regulators. Goldman Sachs also revealed talks with... reorganization Its digital asset platform as an independent company, fueling hopes of adoption.
Wealth managers are seeking to file more ETFs with the SEC, looking to focus outside of Bitcoin and Ethereum-backed ETFs (Ethereum).
Issuers like Bitwise and Grayscale have been applied to the Solana list (Sol) and (XRP) ETFs, although the former may be expertise Regulatory barriers until Trump takes office.
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