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Wall Street giants Morgan Stanley and Charles Schwab are reportedly gearing up to offer crypto trading services, signaling a major shift in traditional finance. The moves come as US regulators ease restrictions on banks engaging with digital assets, opening doors for broader institutional participation.
- Morgan Stanley's E*Trade platform will offer spot crypto trading by 2026, marking a significant expansion from its current crypto ETF offerings for wealthy clients.
- Charles Schwab aims to launch direct spot crypto trading within 12 months, positioning itself as a major destination for crypto-interested investors.
- Recent US regulatory changes, including SEC and Federal Reserve policy updates, have removed key barriers for banks to engage with digital assets.
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