Morgan StanleyOne of the largest investment banks in the world, plans to provide encryption trading on the consumer platform in the last step by a traditional financial institution to benefit from President Donald Trump Cancel restrictions From the encryption industry.
the The banking giant She plans to allow its customers to buy and sell encryption in its subsidiaries, And*tradeStarting from the time next year, according to Bloomberg a reportQuoted from “people familiar with this issue.” In order to create and preserve the complex mechanisms needed to exchange encryption, according to what the company is taught to partner with one or more encryption companies, according to the report.
Morgan Stanley refused to comment when calling him luck. The e*trade did not respond immediately on a request for comment from luck.
And*trade, acquired By Morgan Stanley in 2020 for $ 13 billion, it is a trading trading platform, options and other assets. It currently has more than 5 million users who can access Bitcoin and Ethereum in the form of boxes circulating on the stock exchange-trading devices in the stock market that follows the price of encrypted currencies-but cannot invest directly in digital assets.
If Morgan Stanley has achieved his informative ambitions, it will enter a crowded field, in the face of a competition from popular encryption platforms such as Robinhood and Coinbase.
Morgan Stanley’s interests informed to become more involved in the encryption trade that comes in the wake of the Federal Reserve advertisement Last week, the guidance was canceled from 2022 and 2023, which urged banks to be careful when dealing with cryptocurrencies and relevant activities. At the same time, the Federal Reserve said it “will take into account whether it is additional guidelines to support innovation, including encrypted asset activities, suitable.”
President Donald Trump has explained his pro -aging position, promising To make America “the capital of encryption in the world”. Within the first 100 days in his post, the President reflected many enforcement procedures related to encryption that occurred in the framework of the Biden administration, established the Bitcoin National Reserve, and supported the development of an organizational framework for this industry.
Many traditional financing companies have already benefited from the changing organizational scene in the United States Sincerity investments She announced that she had started testing her Stablecoin in March. In addition, in February CEO of America Brian Moinhan expressed his interest in entering the Stablecoin market as soon as an organizational framework is done by legislators.
This story was originally shown on Fortune.com
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