ETrade, part of Morgan Stanley, is set to launch cryptocurrency trading in 2026, enabling clients to trade Bitcoin, Ether, and Solana. This initiative, powered by a partnership with digital asset infrastructure provider Zerohash, signals Wall Street's increasing embrace of digital assets, influenced by supportive legislation from the Trump administration. With ETrade's acquisition by Morgan Stanley in 2020, which brought more than 5.2 million users, the plan affirms previous reports of integrating crypto trading, which had been in preliminary discussions. Zerohash, which recently raised $104 million with a valuation of $1 billion, will develop a complete wallet solution for ETrade's clients. This move aligns with Morgan Stanley's ongoing interest in digital assets, including advising wealth clients on Bitcoin exchange-traded funds. Though not part of ongoing discussions with other major banks around stablecoins, Morgan Stanley's head of digital asset markets suggests that stablecoins could enhance the US dollar's global standing, a perspective supported by recent regulatory developments. The stablecoin market is currently valued at approximately $300 billion.

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