According to Bloomberg, Morgan Stanley is planning to launch cryptocurrency spot trading on its ETrade platform next year, allowing clients to buy and sell Bitcoin and Ethereum, and is considering partnering with one or more cryptocurrency companies. ETrade has already supported trading of cryptocurrency ETFs and their derivatives, and spot trading is seen as the next step in expansion. Meanwhile, Charles Schwab also plans to launch similar services within the next 12 months. Against the backdrop of a relaxed regulatory environment, several institutions, including SoFi and Bank of New York Mellon, are also re-advancing their digital asset businesses.