JPMorgan confirms it will allow clients trade cryptocurrencies from next year
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JPMorgan’s head of digital assets has announced that the bank plans to participate in the cryptocurrency market, but will not focus on offering a custody service at this time. Instead, the bank prefers to use third-party custodians to solidify its position in the digital assets industry. The bank’s intentions have highlighted a growing trend among significant banks in lifting earlier restrictions imposed on Bitcoin ownership, allowing more clients to access the digital asset. This shift follows banks’ realization that Bitcoin and other similar cryptocurrencies could significantly impact their markets by substantially expanding their reach through new strategic partnerships. JPMorgan plans to contribute to the crypto market amid growing interest in the sector For years, traditional financial institutions have shied away from digital assets. However, President Donald Trump’s administration has created a more favorable regulatory environment for digital assets in the US, as new laws, such as the GENIUS Act, have sought to regulate specific areas, including stablecoins. This has enabled traditional financial institutions to develop products and services centered on digital assets. In the digital asset space, custody comes in many forms, including a digital asset exchange holding digital coins or the institution itself doing self-custody. Custodian services allow financial institutions to hold assets on behalf of their clients. This could, for instance, include shares in a firm. Some companies have emerged specifically to provide crypto custody solutions. JPMorgan aims to play an active role in the cryptocurrency market amid growing interest in the sector, as Wall Street giants expand their footprint in the digital currency space. This year, the bank has focused on exploring the crypto ecosystem. Plans include offering loans backed by client-held digital assets such as Bitcoin and Ethereum, potentially launching in 2026, according to reports. Other US banks, including Bank of America and Citibank, are also…
Filed under: News - @ October 13, 2025 9:25 pm