Morgan Stanley's E*Trade launches spot crypto trading

E*Trade, Morgan Stanley's online brokerage, has launched a spot cryptocurrency trading service. According to Cointelegraph, eligible individual traders can buy, sell, and hold BTC, ETH, and SOL through crypto infrastructure provider Zero Hash. The ability to transfer crypto assets will be made available later this year. Trades are subject to a 50 bp fee, and both custody and trading services are handled via a separate Zero Hash account that is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).