JPMorgan explores crypto trading for institutional clients: Report
The move by the traditional banking giant would represent a significant deepening of ties to the crypto industry and change in CEO Jamie Dimon’s approach to digital assets.
Banking giant JPMorgan Chase is considering offering cryptocurrency trading to its institutional clients, marking a significant expansion for a traditional financial institution expanding its digital asset services.
According to a Monday Bloomberg report citing a person familiar with the plans, JPMorgan Chase is assessing products and services in its markets division as part of a potential expansion into cryptocurrencies. The company’s plans were not public at the time of publication, but could include digital asset spot and derivatives trading.
The crypto trading services are in the early stages of development, in response to interest from the company’s clients amid the changing regulatory environment in the United States. The government under US President Donald Trump has enacted several policies favoring the crypto industry since January, including signing a stablecoin payments bill, the GENIUS Act, into law.
Read more
