Bitcoin flirted with $ 97,000 on May 1, giving the market a beautiful little Suffering. The reason? Two big names at Wall Street, Morgan Stanley and Charles Schwab, are Make movements to dive Deeper into cryptographic trading. This kind of institutional interest tends to obtain people Attention, and this time was no different. Bitcoin approaches $ 97,000 at a time when Wall Street companies make cryptography more accessible to everyday investors.
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The price bump could have been short -lived, but It is a reminder that traditional finance No Just on tiptoe around the crypto. They are In search of means to offer it to everyday customers, not just ultra-riche.
Morgan Stanley E * Trade Eyes Integration Crypto
First, Morgan Stanley. According to reports, they are Working behind the scenes to get rid of crypto trading for e * trade users, the popular broker they acquired in 2020. The plan is to have ready things by 2026, and it seems that Bitcoin and Ethereum will be at the front and center.
Right awayMorgan Stanley offers only the exposure to cryptography to its high value customers with high FNB and the future. This new thrust would be a big step towards the creation of cryptography accessible to a wider tranche of investors – the type that connects to E * Commerce to buy actions, not necessarily to the exploitation of BTC or to overthrow the NFT.
I just saw Morgan Stanley’s plan to bring the crypto to the E * trade in 2026, big for the consumer adoption.
Bitcoin hovering nearly $ 97,000, and altcoins could rally if it breaks $ 100,000.
Does anyone else feel optimistic in May?
What pieces do you make?– John Hadrick
(@hadrickjo) May 1, 2025
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To achieve this, Morgan Stanley would have explored partnerships with cryptographic companies to build out The technical plumbing necessary to support direct cryptographic trading. It is not easy, but clearly, They see the long -term demand for their customers.
Charles Schwab plans to trading crypto spot
SO There is Charles Schwab, who also envisages a movement in cryptographic trading. CEO Rick Wurster said they are hoping To offer it in the next 12 months, according to how the regulatory winds blow.
Until Now Schwab has only carved in cryptography indirectly through ETFs and funds. But they have He also discreetly co -founded an exchange of non -guardian crypto called Edx Markets with the help of Fidelity and Citadel. In other words, they have I have been preparing for this movement for some time.
Market impact and competitive landscape
This type of The consumer push could make things happen for platforms like Coinbase and Robinhood. Robinhood’s The stock has dropped shortly After Morgan’s news Stanley Crypto’s ambitions have become public. That tells you everything you need to know about the seriousness of investors take These developments.
With American regulators showing A little No more flexibility for banks dealing with digital assets, the environment finally begins to be more welcoming so that traditional finances are involved in the crypto without tripping.
Conclusion
Bitcoin exceeding $ 97,000 not Just another blip on the graph. This reflected a larger trend – the main financial players made real movements to bring the crypto in the dominant current. Morgan Stanley and Charles Schwab not Just test the waters. They are Cartographing the ways to trading crypto normal part of the retail investment. Whether prices continue to climb or cool, this change is already underway.
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Bitcoin jumped around $ 97,000 on May 1 following news that Morgan Stanley and Charles Schwab are preparing to offer an crypto exchange to retail investors.
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Morgan Stanley strives to integrate Crypto trading into E * Trade, aimed at a launch in 2026 which could include Bitcoin and Ethereum.
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Charles Schwab plans to deploy crypto trading over the next 12 months, pending regulatory approval.
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These measures by inherited financial institutions should challenge existing platforms such as Coinbase and Robinhood.
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Expansion signals a growth Towards the adoption of traditional cryptography while Wall Street aligns with the evolution of regulatory clarity.
The Bitcoin station is closer to $ 97,000 while Morgan Stanley and Schwab were preparing for Crypto trading appeared first on 99Bitcoins.
