JPMorgan explores crypto trading for institutional clients: Report

cointelegraph2025-12-22 tarihinde yayınlandı2025-12-22 tarihinde güncellendi

Özet

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

İlgili Sorular

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.

İlgili Okumalar

Key Lawmaker 'Relents', Wash's Biggest Obstacle to Assuming Fed Chair on May 15 Cleared

Key political opposition to Kevin Warsh's nomination as Federal Reserve Chair has been removed after Senator Thom Tillis (R-N.C.) withdrew his objection, clearing the way for a committee vote on April 29. Tillis had previously blocked the nomination due to a criminal investigation into current Chair Jerome Powell, which he viewed as a threat to Fed independence. The Justice Department has since dropped the investigation. Warsh, who has broad Republican support, is expected to be confirmed by the Senate in time for Powell’s term expiration on May 15. If confirmed, Warsh has signaled significant policy changes, including abolishing the "dot plot" of interest rate projections and reevaluating the Fed’s forward guidance framework. These changes could fundamentally alter the market’s pricing mechanisms for stocks, bonds, and currencies. Although the criminal case against Powell is closed, uncertainty remains as he retains his board seat until 2028. President Trump has not fully endorsed Powell, citing an ongoing review of Fed renovation spending. Warsh’s potential reforms target the communication tools developed post-2008, which have become foundational to global asset pricing.

marsbit12 dk önce

Key Lawmaker 'Relents', Wash's Biggest Obstacle to Assuming Fed Chair on May 15 Cleared

marsbit12 dk önce

Lowering Expectations for BTC's Next Bull Market

The author, Alex Xu, explains his decision to significantly reduce his Bitcoin holdings (from full to ~30% of his portfolio) during the current bull cycle, citing a lowered long-term outlook for BTC's price appreciation in the next cycle. He outlines six key reasons for this reduced expectation: 1. **Diminished Growth Drivers:** The narrative of exponential user adoption has largely played out with institutional ETF adoption. The next major growth phase—adoption by sovereign national reserves or central banks—seems unlikely in the near future. 2. **Personal Opportunity Cost:** More attractive investment opportunities have emerged in other assets, such as undervalued companies. 3. **Industry-Wide Contraction:** The broader crypto industry is struggling, with most Web3 business models (SocialFi, GameFi, DePIN) failing. This overall萧条 (depression) reduces the fundamental demand and consensus for Bitcoin. 4. **Strain on Major Buyer:** MicroStrategy, a major corporate buyer of BTC, faces rising financing expenses for its debt, which could slow its purchasing rate and create significant marginal pressure on the market. 5. **Increased Competition from Gold:** The emergence of "tokenized gold" has closed the functional gap (portability, divisibility) between physical gold and Bitcoin, offering a strong competitor in the non-sovereign store-of-value space. 6. **Security Budget Concerns:** The block reward halving continues to exacerbate the long-standing issue of funding Bitcoin's network security, with new fee source explorations like Ordinals and L2s largely failing. The author's decision to hold a significant (though reduced) position reflects a cautious, not bearish, outlook. He remains open to increasing his exposure if the fundamental reasons for his skepticism change or if new positive catalysts emerge.

marsbit27 dk önce

Lowering Expectations for BTC's Next Bull Market

marsbit27 dk önce

Prediction Markets Cannot Exist Without Insider Trading, But Insider Trading Is Killing Them

Prediction markets face a fundamental contradiction: they rely on insider trading to generate accurate prices, yet this same activity erodes public trust and threatens their survival. Recent scandals, such as a U.S. special forces member making $400,000 on Polymarket using classified information about a raid, highlight the severity of the issue. While platforms like Polymarket and Kalshi market themselves as venues where "everyone is an expert" and encourage informed trading, they also enforce policies against illegal insider trading. The core dilemma is that these markets depend on informed insiders for price efficiency but require uninformed retail participants to provide liquidity. If insider trading is too rampant, retail traders leave, perceiving the market as unfair. If restrictions are too strict, valuable information flow dries up, reducing the market’s predictive utility. The challenge is finding a balance that maintains both accuracy and perceived fairness—a task complicated by regulatory pressures and recurring scandals.

marsbit32 dk önce

Prediction Markets Cannot Exist Without Insider Trading, But Insider Trading Is Killing Them

marsbit32 dk önce

Can Iran 'Control' the Strait of Hormuz?

Iran has announced a comprehensive plan to assert control over the strategic Strait of Hormuz, a critical global oil shipping chokepoint. The proposed measures include requiring all vessels to obtain Iranian permission for passage, imposing fees for security, environmental protection, and navigation management—preferably paid in Iranian rials—and absolutely banning Israeli ships. Vessels from countries deemed hostile by Iran’s top security bodies may also be barred. Analysts suggest Iran’s motives are multifaceted: increasing pressure on the U.S. and Israel by leveraging control over oil transit to influence global prices and inflation; creating a new revenue stream, potentially exceeding $7.7 billion annually, to counter Western sanctions and support postwar reconstruction; and using transit permissions as bargaining chips in future negotiations, notably with the U.S. However, the plan faces significant practical and diplomatic challenges. Enforcing comprehensive interception and fee collection in the busy waterway, patrolled by international military forces, would be difficult. The U.S. has already countering with a blockade of Iranian ports and threats to intercept any ship paying fees, potentially strangling Iran’s oil exports and fee revenue. Broad international opposition, led by European and Gulf states, and legal controversies further complicate implementation. The proposal may ultimately serve more as a negotiating tactic than a feasible policy, with its execution remaining highly uncertain.

marsbit1 saat önce

Can Iran 'Control' the Strait of Hormuz?

marsbit1 saat önce

Vertically Integrated Capital Aggregators: How Does Web3 Build an Impregnable Moat?

"Vertical Integration Capital Aggregators: How Web3 Builds Unbreachable Moats" explores how leading Web3 protocols create competitive advantages by vertically integrating multiple ecosystem components. Unlike Web2 aggregators that focus on user demand or supplier commoditization, successful Web3 entities like Hyperliquid aggregate capital, liquidity, users, and distribution into a unified financial ecosystem. This integration allows for efficient capital deployment—Hyperliquid generates $0.30 in fees per $1 of TVL annually, compared to Aave's $0.05—while creating a defensible moat that is difficult to replicate across six simultaneous fronts. However, this model comes with risks: DeFi loses $0.50 to hacks for every $1 earned, pushing protocols toward partial centralization and closed systems for security and scalability. The token serves as a shared incentive layer, aligning stakeholders and driving value through mechanisms like buybacks. The article concludes that vertical integration, not capital itself, is the true moat, and that the industry is evolving toward pragmatic, partially centralized models to ensure economic growth and sustainability.

marsbit1 saat önce

Vertically Integrated Capital Aggregators: How Does Web3 Build an Impregnable Moat?

marsbit1 saat önce

İşlemler

Spot

Futures