JPMorgan To Allow Bitcoin And Ether As Collateral For Institutional Clients –...
In a significant development for Wall Street’s crypto integration, JPMorgan, one of the largest financial institutions in the US, is set to allow Bitcoin (BTC) and Ether (ETH) as collateral before the end of the year. Related Reading: Crypto Market Structure Bill ‘Has A Good Chance’ Of Passing This Year – Coinbase CEO JPMorgan To […]
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You may be able to take out loans with your crypto soon, as JPMorgan Chase & Co. plans to let its clients use cryptocurrency-linked assets as collateral. It’s a dramatic shift in the organization’s attitude towards crypto. It also marks a growing need for a secure crypto wallet like Best Wallet to secure your digital […]
Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto trading access beyond just ultra-wealthy clients. JPMorgan Now Offers Access to Crypto Funds JPMorgan has given its financial advisors the green light to give all its clients access to cryptocurrency funds, the Insider reported Thursday, citing people directly familiar with the matter. This move....
Quick Facts: 1️⃣ JPMorgan’s Global Head of Markets Digital Assets told CNBC that the company will let clients trade Bitcoin and other cryptocurrencies sometime in the future. 2️⃣ The bank is advancing blockchain adoption through its JPMD deposit token, designed for 24/7 cross-border settlements and on-chain collateral. 3️⃣ As JPMorgan moves toward blockchain integration and […]
Bitcoin’s price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there’s been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts. Institutional Demand Declines, Futures Market Signals Weakness Institutional investors have been a major primer for Bitcoin’s price rallies in the past year and they have been influential in Bitcoin’s break above the $100,000 mark. However, since breaking above this level, the Bitcoin price has failed to push....
Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price of bitcoin in recent weeks, including assurances that U.S. policymakers will not ban cryptocurrencies.
JPMorgan Sees Renewed Interest in Bitcoin
JPMorgan published a research note Thursday stating that institutional investors are returning to bitcoin. Citing the trend of money flowing out of gold into BTC, the firm’s analysts wrote:
Institutional investors....