BUSINESSR/BITCOIN
BLOOMBERG: "Morgan Stanley is rolling out crypto trading on its E*Trade platform for 50bps/trade, undercutting Schwab's 75bps (who undercut Coinbase)". Soon, it'll be pretty dirt cheap to trade Bitcoin everywhere- just was we saw with btc ETF exp ratios prior to launch.
Morgan Stanley is introducing crypto trading on its E*Trade platform with a 50bps/trade fee, undercutting Schwab's 75bps fee. This move is expected to make Bitcoin trading relatively cheap everywhere. The development follows similar trends observed in btc ETF exp ratios prior to launch.