🚨👀 JPMorgan is exploring direct cryptocurrency trading services for institutional clients.
The bank already has a growing footprint in digital asset infrastructure.
They launched a tokenized money market fund in $ETH for institutions to hold regulated cash that generates yield on-chain.
They are preparing the issuance of JPM Coin so that value can move through public rails with banking controls.
They continue to build around Kinexys, which supports institutional settlement and blockchain-based financial services.
Direct cryptocurrency trading would sit atop those developments.
This would give large clients a way to access cryptocurrency markets through JPMorgan instead of going through exchanges or specialized platforms.
It is aimed at institutions, funds, and corporations. Not at retail trading or consumer platforms.
JPMorgan manages approximately $4 trillion in assets, if they proceed with this, it will change how large capital is allocated to cryptocurrencies.
