U.S. Banks Authorized for Risk-Free Crypto Transactions

The Office of the Comptroller of the Currency (OCC) has issued an interpretive letter allowing national banks to conduct 'risk-free principal' cryptocurrency transactions, according to Odaily. This regulatory change enables banks to facilitate crypto trades without holding inventory or taking on market risk, potentially reshaping the crypto market.

JPMorgan Chase is reportedly exploring crypto trading services for institutional investors, marking a shift from experimentation to potential implementation. With regulatory approval and customer trust, banks like JPMorgan could capture a significant share of retail crypto order flow, increasing competitive pressure on independent crypto exchanges without banking licenses.