Crypto16 July, 20262 min read
Morgan Stanley Completes Crypto Spot Trading Rollout on E*Trade for 8.6 Million Clients
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Morgan Stanley's E*Trade completes full rollout of crypto spot trading. 8.6 million clients can trade Bitcoin, Ethereum, and Solana on E*Trade.
Morgan Stanley rolls out spot
Morgan Stanley has completed its crypto spot trading rollout on E*Trade, enabling all 8.6 million clients to trade Bitcoin, Ethereum, and Solana directly alongside their stock portfolios. The rollout lets eligible clients “buy, sell, and hold Bitcoin, Ethereum, and Solana directly within their brokerage accounts,” with trading available 24/7 starting immediately.
The integration is powered by infrastructure provider Zerohash, which handles liquidity, custody, and settlement plumbing behind the scenes. Morgan Stanley’s launch also includes a limitation: “cryptocurrency transfers, meaning the ability to move assets on and off the platform, won’t be available until later this year.”
BitPay gets MiCA authorization
BitPay announced it received authorization from the Dutch Authority for the Financial Markets (AFM) that designates BitPay B.V. as an authorized crypto-asset service provider (CASP) under the EU Markets in Crypto-Assets (MiCA) regulation. The license allows BitPay to provide a suite of regulated services, including payment processing, cross-border transactions and stablecoin-denominated payments across all EU member states.
BitPay’s chief compliance officer for Europe, Thom de Jong, said the authorization validates the company’s “compliance-first approach” and provides a stable foundation for “responsible crypto innovation.” Jonathan Arler, BitPay’s head of Europe, described the region as “one of the most important regions for the future of payments,” framing the approval as an expansion of services across the EU.
Regulatory momentum and competition
The MiCA licensing push is tied to a July 1 requirement for all entities offering crypto-related services to be regulated, and BitPay’s approval is described as a significant expansion under the unified framework. The Crypto Briefing says Morgan Stanley’s rollout “puts direct pressure on every major brokerage that hasn’t yet made the leap,” while also highlighting the 50 basis point fee per transaction and the absence of transfer capabilities at launch.
In parallel, the BitPay coverage notes that some major exchanges, like Binance, “abandoned initial efforts with EU regulators,” while Ripple announced it had secured a CASP license with Luxembourg’s financial regulator. Across the EU, BitPay’s MiCA authorization is positioned to broaden access to regulated crypto payment acceptance and stablecoin-denominated payments, with the Morningstar release saying it enables “regulatedcryptocurrencypayment services across the EU” including cross-border payments and consumer spending.