How to buy Crypto and Bitcoin with Morgan Stanley

Does Morgan Stanley offer Crypto?

In March of 2021, Morgan Stanley announced that they would be the first major U.S Bank to offer cryptocurrency services to their wealthy clients. They justified this on the basis that their institutional clients were the only class of person suitable to deal with the volatility that comes with cryptocurrencies.

As at time of writing, Morgan Stanley does not offer cryptocurrency trading for their day to day retail banking customers. Their offering for institutional clients is also somewhat limited and is generally not a recommended way to get exposure to the asset class.

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How to buy Cryptocurrency with Morgan Stanley

The best way to buy Bitcoin, Ethereum and other cryptocurrencies through a Morgan Stanley account is through a trusted and regulated digital asset exchange in the United States. We recommend a platform like eToro because they offer over 50 different crypto assets, as well as Stocks, ETFs and commodities for zero fees.

The guide below is a high level overview on how to get started.

1. Sign up to eToro USA
2. Deposit your USD from your Morgan Stanley Online banking account.
3. Find the crypto you want to buy in the 'Discover' tab
4. Input the USD amount you want to invest and execute your trade.

Morgan Stanley Cryptocurrency Policy

Morgan Stanley does not have any policies that prohibits their retail or institutional clients from using trusted digital currency exchanges like eToro or Coinbase. This means that you can safely deposit US Dollars from your Morgan Stanley account to these platforms without having to worry about the potential for frozen funds.

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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 a full range of services to its clients, 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. The firm has advised on some of the most important transactions in recent history, including the initial public offerings (IPOs) of companies like Google, LinkedIn, and Alibaba. Morgan Stanley was also the lead underwriter for Apple Inc.'s first bond offering in the 1980s, and more recently, the firm served as one of the lead underwriters for Facebook's 2012 IPO.

Morgan Stanley is a publicly-traded company, listed on the New York Stock Exchange (NYSE: MS). As of 2018, the firm had a market capitalization of $87 billion.