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.

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.

Banking giant Morgan Stanley is looking to bring cryptocurrency trading to clients through its E*Trade platform, according to a report Thursday.