Morgan Stanley said that it is partnering with Zerohash to offer cryptocurrency trading on its platform E*Trade. One of the largest global financing firms will allow clients to trade through E*Trade platform with the help of an infrastructure provider. Crypto fans will be able to trade cryptocurrency such as bitcoin, ether and solana. Trading will begin in early 2026.
A spokesperson for Morgan Stanley confirmed the announcement to several news agencies, after Bloomberg first reported the news of the partnership.
Bloomberg also reported that Joe Finn, head of wealth management at Morgan Stanley said that clients trading in coins was “phase one” and the company’s aim was to create a full wallet solution as it believed in web3 and that blockchain infrastructure would remain in the ecosystem.
In a separate announcement on Tuesday, Zerohash confirmed that it reached unicorn status. It recently raised $104 million in a funding round. Some of the investors who participated in the round included Interactive Brokers, Morgan Stanley, SoFi, and others.
CWEB analysts say that the Trump administration’s support to cryptocurrency with the passing of industry friendly regulations has led to an expansion and increased interest in crypto assets by Wall Street.
Robinhood offers trading in several crypto tokens. Charles Schwab gives investors access to exchange traded funds that are linked with bitcoin and ether. Morgan Stanley through E*Trade is the latest entrant in a growing market.
The digital assets markets has a value close to $4 trillion according to data from CoinMarketCap. Approximately $2.25 trillion of this valuation is due to bitcoin which is not only the first crypto coin to take the market by storm but is the most valuable crypto asset. The data says that ether accounts for roughly $506 billion of the digital assets market.