Morgan Stanley Enters Cryptocurrency Trading Market
- Pricing Strategy Advantage: Morgan Stanley's implementation of a 50-basis-point fee structure on its ETrade platform undercuts competitors like Coinbase at 60 basis points and Robinhood at 95 basis points, aiming to attract cost-conscious retail investors and secure a more favorable competitive position in the cryptocurrency trading market.
- Market Expansion Plans: The platform is set to launch fully for its 8.6 million ETrade clients later this year, initially supporting Bitcoin, Ethereum, and Solana, indicating that Morgan Stanley views this move as a gateway to a broader digital asset ecosystem rather than just entering the crypto market.
- Infrastructure Control: Morgan Stanley has applied for a national trust bank charter from the OCC, which, if approved, would allow it to directly custody digital assets and provide trading and staking services, thereby enhancing its competitive edge in the crypto infrastructure market.
- Intensifying Industry Competition: With Morgan Stanley's entry, the fee war in cryptocurrency trading is escalating, likely prompting other financial institutions to adjust their pricing strategies in response to the increasing competition, particularly in the integration of traditional investment services with digital asset markets.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for JST
Technical Sentiment Analysis for JUST (JST). As of , JUST (JST) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for JST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, JST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JUST (JST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0681 | 0.0738 | 0.0793 | 0.0851 | 0.0906 | 0.0963 | 0.102 |
| Fibonacci | 0.0738 | 0.0781 | 0.0808 | 0.0851 | 0.0893 | 0.092 | 0.0963 |
About JST
About the author
