The Morgan Stanley Bank Giant plans to introduce Crypt Trade to Trade E*

Morgan StanleyOne of the largest investment banks in the world, plans to introduce crypt trade on its consumer platform in the last play by a traditional financial institution to take advantage of President Donald Trump’s deregulation of the crypt industry.

It Banca giant plan to allow your customers buy and sell crypto in your subsidiary, And*tradeFrom next year, according to a Bloomberg reportquoting “people who know the subject”. In order to establish and maintain the complex mechanisms needed to trade crypto, according to the report, the company is planning to associate with one or more of the established crypt companies.

Morgan Stanley refused to comment when he contacted Fortune. E*trade did not immediately respond to a comment request from Fortune.

And*trade, acquired For Morgan Stanley by 2020 for $ 13 billion, it is a negotiation platform that offers shares, options and other assets. It currently has more than 5 million users who have Access to Bitcoin and Ethereum in the form of a stock market – the estate – the estate marketed on the stock exchange that traces the price of cryptocurrencies – but cannot directly invest in digital assets.

If Morgan Stanley gets well in your cryptian ambitions Coinbase.

Morgan de Morgan’s interest in involve announcement Last week, the orientation of 2022 and 2023 urged the banks to be careful when it were cryptocurrencies and related activities. In the same breath, the Fed said “it would consider if an additional guidance is adequate to support innovation, including crypto-activity activities.”

President Donald Trump has made clear his pro-crypt position, promising To make America “the crypt capital of the world”. During his first 100 days in office, the President has invested many of the execution actions related to the crypt that took place under the Biden administration, has established a Bitcoin National Reserve and supported the development of a regulatory framework for the industry.

Several traditional finance companies have already taken advantage of the changing regulatory landscape in the United States Investments of fidelity He announced that he had begun trying his own stabloin in March. In addition, in February The CEO of Bank of America Brian Moynihan expressed his interest in entering the Stablecoin Market after a regulatory framework was approved by the legislators.

This story originally presented to Fortune.com

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