Morgan Stanley is preparing to offer cryptocurrency trading on its E*Trade platform. This would be the most direct move so far by a major US bank to let retail users buy and sell digital assets. The change means state member banks no longer need to notify the Fed in advance of planned or current crypto-asset activities. These will now be reviewed through the standard supervisory process. The bank is exploring partnerships with crypto-native firms to support the technical side of the trading system. Morgan Stanley already offers some crypto-related products, such as ETFs, options, and futures. These are aimed at wealthier clients. The new plan would expand access to a broader group of users. If Morgan Stanley proceeds, it could increase pressure on crypto-focused platforms like Coinbase and Kraken. These firms currently serve a large share of the retail market. Meanwhile, E*Trade is introducing a new platform called “Power ETrade Pro” aimed at active traders. Currently in its pilot phase, the platform is scheduled for a full launch in June. The new platform will compete with services like Charles Schwab’s Thinkorswim and Robinhood’s Legend, offering customization of up to 120 tools across six screens. It will also include a separate desktop client in addition to existing web and mobile options.