Bitcoin rose to $97,300 on Thursday, drawing closer to reclaiming the $100K threshold. Morgan Stanley is reportedly planning to offer crypto trading to E*Trade clients. Charles Schwab CEO Rick Wurster stated that the company is seeking to add crypto trading once regulations are sorted.

Morgan Stanley is working on a plan to add cryptocurrency trading to its E*Trade platform, in what would be the most significant move by a major US bank to help everyday customers buy into the asset class since the Trump administration began removing regulatory barriers.

The initiative, which executives expect to launch sometime next year, would represent Morgan Stanley's biggest push yet into providing Bitcoin and crypto