📅 December 22 | United States
For years, JPMorgan Chase was one of Wall Street's most skeptical giants regarding cryptocurrencies. Its CEO, Jamie Dimon, even went so far as to call them a passing fad, a fraud, or mere speculation. However, the market rarely waits for skeptics. As digital asset prices recover, crypto ETFs gain legitimacy, and institutional demand for regulated exposure continues to grow, even the most conservative banks are starting to make moves.
📖JPMorgan Chase & Co. is considering offering cryptocurrency trading services to its institutional clients, thus deepening Wall Street's foray into digital assets, according to Bloomberg, a source familiar with the internal discussions.
The bank is reportedly evaluating what products its markets division could offer, including spot trading and crypto derivatives, although the discussions are still in an exploratory phase and no final decision has been made.
Historically, JPMorgan has maintained a cautious stance regarding direct exposure to cryptocurrencies. However, the entity already operates blockchain infrastructure, tokenization platforms, and on-chain settlement solutions, making a potential institutional trading launch a natural—albeit symbolically powerful—expansion of its crypto footprint.
If it goes through, JPMorgan would join a growing list of global banks that have decided to move forward despite regulatory uncertainty in the United States. Standard Chartered launched spot trading of Bitcoin and Ethereum for institutional clients this year, becoming one of the first major banks to do so.
Morgan Stanley, for its part, expanded access to Bitcoin spot ETFs for wealth management clients and is preparing to enable direct trading of BTC, ETH, and Solana through its E-Trade platform.
Citigroup is exploring payment rails with digital assets and stablecoin capabilities, including a partnership with Coinbase, while also analyzing its own stablecoin-linked products. Bank of New York Mellon has expanded its custody and tokenization initiatives and is preparing to custody Ripple's RLUSD stablecoin dollar reserves. Meanwhile, Goldman Sachs continues to develop crypto infrastructure through strategic alliances and financial consortia.
Topic Opinion:
JPMorgan is not pursuing this move for ideological reasons, but rather due to demand, competition, and strategic survival.
💬 Will institutional trading usher in a new wave of genuine adoption?
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