Schwab and Morgan Stanley join the Cripto Race. Are late, analysts say – DL News

This month, the news violated that Charles Schwab and e * trade, giant security intermediaries, planned to build their franchises for crypto.

But can they compensate in the investor race who started many years ago? Analysts in Bernstein on Monday are probably not.

“Traditional firms are slorine crypto while offer limited products,” Chhugani wrote, and his two colleagues in the notes.

“We are too late for this that it could end up too late.”

Indeed, e * trade, which unit Morgan Stanley, Investment Bank Wall Street, said it was planning to start Cripto trading until 2026. years, according to Reuters.

For its part, Charles Schwab plans to offer a place of shopping for Bitcoin and Etherm within the year Bloomberg News export.

Early drivers

Development is the last sign that traditional investment firms are prepared for the market defined New cropto laws and regulations In considering congresses and Trump administration.

However, Bernstein said that early drivers who did not wait for the regulation – coinbase, Kraken, as well as Robinhood, online mediation – they have the upper hand.

“Waiting for regulatory clarity, they let them catch most of the market,” Bernstein wrote.

However, e * trade and Charles Schwab have scope and depth to share on the market from early drivers.

Schwab, with headquarters in Texas, has 37 million customers and manages astonishing $ 10 trillion in investor’s property. And e * trade, which has more than 5 million customers, can attract Morgan Stanley resources in New York, which oversees almost $ 8 trillion dollars.

Many of these investors can appreciate the benefit of sharing shares, bonds and cry on one platform, especially those who managed their money for years.

This applies especially to older investors who could be curious about Bitcoin, but they are careful to open new accounts in the CRIPTO exchange they do not know.

‘Limited influence’

Bernstein said Schwab and E * trade would probably have a “limited impact” on the market.

Analysts pointed out that the Digital Property Path, which skipped to crypt, just offers trading Bitcoin, Etherem and Litekoin.

Coinbase, compared, supports more than 250 cryptocurries and robins that traded more than two dozen tokens.

However, the market is shaking, one thing is safe – becomes crowded.

Pedro Solimano is a market correspondent based in Buenos Aires. You have the top? Emails on psolimano@dlnews.com.