JPMorgan explores crypto trading for institutional clients: Report

cointelegraphPublished on 2025-12-22Last updated on 2025-12-22

Abstract

JPMorgan Chase is reportedly exploring the launch of cryptocurrency trading services for its institutional clients, marking a significant expansion into digital assets. According to Bloomberg, the bank is assessing potential offerings, including spot and derivatives trading, in response to growing client interest and a shifting regulatory landscape in the U.S. This move represents a notable shift from CEO Jamie Dimon’s previous criticism of Bitcoin, though he has expressed support for stablecoins and blockchain technology. The development follows similar initiatives by other financial institutions, such as France’s BPCE and BNY Mellon, which are also expanding their crypto services.

Banking giant JPMorgan Chase is considering offering cryptocurrency trading to its institutional clients, marking a significant expansion for a traditional financial institution expanding its digital asset services.

According to a Monday Bloomberg report citing a person familiar with the plans, JPMorgan Chase is assessing products and services in its markets division as part of a potential expansion into cryptocurrencies. The company’s plans were not public at the time of publication, but could include digital asset spot and derivatives trading.

The crypto trading services are in the early stages of development, in response to interest from the company’s clients amid the changing regulatory environment in the United States. The government under US President Donald Trump has enacted several policies favoring the crypto industry since January, including signing a stablecoin payments bill, the GENIUS Act, into law.

Despite the reported move deepening its ties to the digital asset industry, JPMorgan faced criticism from Strike CEO Jack Mallers, who in November claimed the company closed his accounts without explanation. JPMorgan CEO Jamie Dimon said in a December interview that the company does not debank customers based on religious or political affiliations.

Related: Strike CEO debanked by JPMorgan, Lummis sounds ‘Chokepoint 2.0’ alarm

If confirmed, the institutional client offering would represent a significant about-face on Dimon’s view on cryptocurrencies like Bitcoin (BTC), which he said was only for “criminals, drug traffickers, money laundering, tax avoidance” in a 2023 hearing. He said in a July interview that he was a “believer in stablecoins” and saw the benefits of blockchain technology.

US bank not the only game in town on crypto offerings

French bank BPCE is also preparing to launch crypto trading for its retail customers. The move would make the financial institution one of the few banks based in the European Union to offer digital asset services.

BNY Mellon, another global banking giant, said in November that it had launched a money market fund to hold reserves for US stablecoin issuers. The move was in response to regulations under the GENIUS Act, requiring reserves for stablecoin issuers.

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SpaceX, AI, and XRP: Why the Next Wealth Transfer Might Be Different?

The article posits that the global economy is transitioning into a new phase of infrastructure investment. Capital, facing slowing traditional growth engines, is flowing towards emerging foundational systems. This includes space infrastructure (exemplified by SpaceX), AI computing power, satellite networks, data centers, and global payment systems. A key driver is a potential new commodity supercycle fueled by industrial demand from these sectors. Concurrently, the role of blockchain is evolving from speculative assets to a critical settlement layer for the future economy. Digital assets like XRP and XLM, focused on payments and interoperability, are highlighted as potential rails for cross-border settlement, tokenized assets, and machine-to-machine (AI Agent) transactions. The narrative connects figures like Ripple's Jed McCaleb to space ventures, suggesting convergence. The argument emphasizes a shift from speculative narratives to utility-driven value. As AI and space commerce generate new economic activity, and regulatory clarity improves, blockchain networks may underpin real-time value transfer. The conclusion urges investors to consider which networks will form the backbone of this integrated next-generation economic infrastructure.

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SpaceX, AI, and XRP: Why the Next Wealth Transfer Might Be Different?

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GPT-5.6 Countdown: Abandon the Illusion of a Single API, Computational Iteration Can't Outpace a Single Page of Compliance

In mid-June, three seemingly independent industry events—the compliance-driven throttling of Fable 5, the open-sourcing of GLM-5.2, and the leaked release timeline for GPT-5.6—are pushing the global AI industry toward a watershed moment. These shifts signal a fundamental restructuring of the industry's underlying logic. First, **"usability" has substantially overtaken "advanced capabilities"** as the primary weight, pushing the global large language model (LLM) supply chain into a "dual-track" phase of controlled closed-source and local open-source coexistence. Second, **the competitive moats of closed-source giants are shifting**. Their technical focus is moving from "language intelligence" toward "spatial intelligence (world models)"—a domain heavily reliant on computing power. Third, faced with常态化 transnational compliance risks, **a "model-agnostic" decoupled design has become a survival necessity for application-layer developers to maintain business continuity.** The article details how Anthropic's Fable 5, despite its advanced engineering feats, was restricted for non-U.S. citizens within 72 hours of launch, highlighting how geopolitical compliance can instantly limit even the most advanced models. In response, the open-source camp, exemplified by Zhipu AI's MIT-licensed GLM-5.2, is gaining market share by offering stable performance improvements and significant cost advantages (up to 70% savings for enterprises), while achieving full adaptation with domestic semiconductor platforms. Meanwhile, closed-source leaders like OpenAI are pivoting. The anticipated GPT-5.6 reportedly shifts focus from language to spatial intelligence and world models, aiming to rebuild a generational gap in areas like 3D understanding, simulation, and industrial design that demand immense compute. The core conclusion is that the LLM supply chain's logic has changed. Enterprises must now evaluate infrastructure based on a composite of technical performance and policy compliance. For developers, complete reliance on a single closed-source API poses unacceptable risk. Implementing a truly model-agnostic architecture—enabling swift switches to compliant, locally deployable open-source alternatives—is no longer just good practice but a fundamental baseline for business continuity.

marsbit2h ago

GPT-5.6 Countdown: Abandon the Illusion of a Single API, Computational Iteration Can't Outpace a Single Page of Compliance

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Is the 'Token Subsidy War' Among AI Giants Almost Over?

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marsbit2h ago

Is the 'Token Subsidy War' Among AI Giants Almost Over?

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Beyond the Stadium: The Profitable Games Surrounding the World Cup

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Beyond the Stadium: The Profitable Games Surrounding the World Cup

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Hyperliquid ETF Claim Draws Attention As HYPE Narrative Builds On X

A social media claim has brought attention to Hyperliquid (HYPE) and the growth of its related ETF products. According to a June 20 post on X by AlphaOnChain, three Hyperliquid ETFs launched in May 2026 have collectively amassed $158 million in assets under management, led by a Bitwise fund with $88 million and a 21Shares fund with $66 million. The article notes this claim is from social media and not verified by official issuer data, advising caution. Nonetheless, the report highlights that HYPE is gaining traction as a notable altcoin narrative. Its focus on on-chain perpetual trading and exchange infrastructure places it at the intersection of DeFi and derivatives, attracting traders looking for high-conviction plays beyond Bitcoin and Ethereum. The key takeaway is that while social momentum can influence short-term markets, sustainable growth for HYPE would require confirmed demand, liquidity, and continued ecosystem development.

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