JPMorgan explores crypto trading for institutional clients: Report

cointelegraphОпубликовано 2025-12-22Обновлено 2025-12-22

Введение

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.

Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice

Связанные с этим вопросы

QWhat is JPMorgan Chase considering offering to its institutional clients according to the Bloomberg report?

AJPMorgan Chase is considering offering cryptocurrency trading services, including potential digital asset spot and derivatives trading, to its institutional clients.

QWhy is JPMorgan developing crypto trading services, as mentioned in the article?

AThe development is in response to client interest and the changing regulatory environment in the United States, including policies enacted under President Trump administration such as the stablecoin payments bill (GENIUS Act).

QWhat criticism did JPMorgan face from Strike CEO Jack Mallers?

AStrike CEO Jack Mallers claimed that JPMorgan closed his accounts without explanation, which led to criticism of the bank's practices.

QHow has JPMorgan CEO Jamie Dimon's public stance on cryptocurrencies evolved?

AJamie Dimon previously called Bitcoin only for 'criminals, drug traffickers, money laundering, tax avoidance' in 2023, but later in a July interview expressed belief in stablecoins and acknowledged the benefits of blockchain technology.

QWhich other banks are mentioned as expanding into digital asset services besides JPMorgan?

AFrench bank BPCE is preparing to launch crypto trading for retail customers, and BNY Mellon launched a money market fund to hold reserves for US stablecoin issuers in response to the GENIUS Act regulations.

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