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Amid the ongoing growth of the digital asset sector, Morgan Stanley’s E-Trade is reportedly exploring the offering of crypto trading services. Indeed, the firm’s online stock trading company is considering the idea, according to a report from The Information. The decision to explore the services is connected to the incoming arrival of US President-elect Donald Trump. His return to the White House should bring with it favorable regulation for the cryptocurrency sector. Moreover, Morgan Stanley is among the many institutions that could be looking to benefit from that. JUST IN: $1.3T asset manager Morgan Stanley's E-Trade reportedly explores offering crypto trading. — Watcher.Guru (@WatcherGuru) January 2, 2025 Also Read: Morgan Stanley Advisors to Now Offer Spot Bitcoin ETFs to Clients Morgan Stanley’s E-Trade Exploring Cryptocurrency Trading Services 2024 proved to be a monumental year for the cryptocurrency industry. The arrival of a crypto-based ETF in January kicked ...

Bitcoin has decoupled from stocks and rising ten years after the Cyprus banking crisis coincided with a BTC price boom. The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, particularly as fears of a global banking crisis are rising. BTC market cap daily performance chart. Source: TradingView Moreover, Bitcoin has decoupled from U.S. Stocks for the first time in a year, with its price rising about 65% versus S&P 500's 2.5% gains and Nasdaq's 15% decline in 2023.  SPX and NDAQ YTD performance vs. BTC/USD. Source: TradingView  Wall Street banks lose $100B in 2023 The six largest U.S. banks — JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Morgan Stanley (MS), and Goldman Sachs (GS) — have lost nearly $100 billion in market valuation since the year's start, according to data gathered by CompaniesMarketCap.com. Bank of America's st...