Wall Street Cracks: JPMorgan Moves To Offer Crypto Trading
Wall Street hasn’t always been friendly toward crypto. For years, big lenders treated it like a passing fad or a risky playground for retail traders. But that attitude is shifting fast. JPMorgan’s plan to let clients trade digital assets marks a turning point — a signal that the most traditional corners of finance are finally […]
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As Wall Street buys bitcoin, crypto faces a fight for its soul. On the one side is mainstream acceptance. On the other: its cypherpunk roots.
Wall Street trading firms are a cautious lot, but they can't keep their eyes off of bitcoin. Big trading and investment houses don't want to miss out on possible profit opportunities as bitcoin continues to grow. More of the big proprietary trading firms are dipping their feet into bitcoin, thanks to the profit opportunity it can offer and its ability to streamline transactions, according to an article in The Wall Street Journal. The growing interest of Wall Street trading and investment firms serves to raise Bitcoin's profile in the investment community and the economy at large. "Their....
After a bleak weekend, the crypto market rallied Monday evening as JPMorgan Chase filed to trademark ‘JPMD’, which is suspected to stand for JPMorgan Chase Dollar and to be a stablecoin. Even if it prefers its own currencies. Wall Street’s grudging acceptance of digital assets has sent the crypto market back to the green. Even […]
Much of bitcoin’s recent rally has been attributed to the tremendous success of the first bitcoin ETF to trade on Wall Street. The ProShares ETF had seen over $1 billion in trading volume in the first 24 hours alone. However, JPMorgan analysts do not believe that this is the driving force behind BTC breaking a […]
The chief executive of the Wall Street clearing house, set to transfer to Blockchain technology, has spoken of how the future of Wall Street could be very different. Quoted by the local press, Michael C. Bodson stated that the collaborative project with IBM to replace a back end database with “Blockchain-inspired” software would be running by 2018. Proving Blockchain’s power. The project is being created for use by the Depository Trust & Clearing Corporation (DTCC), which handles the reporting of practically all stock and trade moves in the US. It also records the trading of valuable....