Summary: Morgan Stanley does not currently offer any crypto investing to their retail banking clients. However, investors in the US can buy cryptocurrencies with a secure digital asset exchange. Finding a trading platform regulated and licensed by the FinCEN and FINRA is essential to ensure you adhere to the United States crypto regulatory requirements.
After assessing the best crypto trading platforms in the US, our experts found eToro to be the most reliable choice for Morgan Stanley clients. The FINRA-regulated exchange offers over 3,000 assets, including popular digital currencies like Bitcoin and Ethereum, plus other financial instruments like stocks, ETFs, indices, forex, and commodities.
- Free and instant USD deposits with bank transfer (ACH), credit/debit cards and more.
- Trade over 25 crypto assets with industry-leading fees and spreads.
- eToro USA LLC is registered and regulated with FinCEN.
Can I Buy Bitcoin with Morgan Stanley?
Morgan Stanley does not offer cryptocurrency trading for retail banking clients. However, in 2021, the company announced it would make crypto investment available to wealthy clients with higher risk tolerance. That said, any Morgan Stanley client can invest in digital currencies via a licensed and regulated cryptocurrency exchange in the US. To ensure the safety of your assets, it’s recommended to use a platform regulated by the FINRA.
How to Buy Bitcoin and Crypto with Morgan Stanley
The best way to buy Bitcoin, Ethereum, and other cryptocurrencies for Morgan Stanley clients is through a trusted and regulated digital asset exchange in the US. eToro is the best platform in the US as it offers instant USD deposits via bank transfer, debit/credit card, PayPal, Skrill and Neteller.
Morgan Stanley customers can start trading with this easy guide:
- Create an account with eToro US trading platform and verify your identity.
- Click the 'Deposit Funds' button and choose a payment method.
- Deposit USD from your US account.
- Find your desired token in the search bar and complete the trade.
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Is Morgan Stanley Crypto-friendly?
Like many traditional financial institutions, Morgan Stanley has taken a cautious approach to cryptocurrency. But it has started to explore ways to participate in the cryptocurrency market, which is a positive indicator. The company has given its wealth management clients access to three Bitcoin funds. It is safe to assume this financial institute does not discourage crypto trading on regulated exchanges.
What Is Morgan Stanley?
Morgan Stanley is an American multinational investment bank and financial services company headquartered in New York City. With offices in more than 42 countries and 57,000 employees, the firm provides its clients with a full range of services, including investment banking, sales and trading, research, financial advisory, asset management, and more.
Founded in 1935 by Henry Morgan and Harold Stanley, Morgan Stanley has a long history of helping clients succeed. From Apple Inc.’s first bond offering to the initial public offering (IPO) of companies like Google, Morgan Stanley has been the underwriter for many historical transactions. It is a publicly-traded company listed on the NYSE.
Final Thoughts
To sum up, Morgan Stanley is one of the world's largest and most respected financial institutions, but it does not offer cryptocurrencies directly through its bank. In saying that, the bank does allow its customers to securely transfer funds to a regulated and licensed digital asset exchange like eToro. It is the best option as it offers low trading fees, instant deposits and is regulated by FinCEN and FINRA.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
