Morgan Stanley partners with Zerohash to provide cryptocurrency trading services for E*Trade clients

according to Bloomberg, Morgan Stanley is collaborating with cryptocurrency infrastructure provider Zerohash to launch mainstream cryptocurrency trading services for E*Trade clients in the first half of next year.

According to Jed Finn, head of Morgan Stanley's wealth management division, the service will initially support trading of major cryptocurrencies such as Bitcoin, Ethereum, and Solana. Finn stated that allowing clients to trade cryptocurrencies is just the "first phase," and the company will next seek to build a complete wallet solution for clients.