JPMorgan explores crypto trading for institutional clients: Report

cointelegraphОпубліковано о 2025-12-22Востаннє оновлено о 2025-12-22

Анотація

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

Пов'язані питання

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.

Пов'язані матеріали

CLARITY Act: Banking Trade Groups Push For Yield Agreement Revision – Details

US banking trade groups are urging revisions to the stablecoin yield compromise in the upcoming CLARITY Act ahead of a key committee markup. The Act currently aims to ban all passive, deposit-like interest on stablecoins to prevent competition with traditional bank savings, while allowing rewards tied to active uses like staking or transactions. In a letter, groups including the American Banking Association and Bank Policy Institute proposed stricter language to eliminate perceived loopholes for passive yield and prevent deposit flight from banks. However, these efforts are reportedly viewed as minor by some lawmakers. The Senate Banking Committee is scheduled to mark up the bill on May 14, a critical step before it can advance through Congress.

bitcoinist12 год тому

CLARITY Act: Banking Trade Groups Push For Yield Agreement Revision – Details

bitcoinist12 год тому

This Finance CEO Picks Solana Instead Of Bitcoin — Here’s Why

Finance CEO Raoul Pal prefers Solana over Bitcoin, citing its high throughput and low transaction costs as better suited for the future crypto-AI era. He believes Solana is ideal for machine-to-machine microtransactions and AI-driven DeFi activity, predicting AI agents will soon dominate DeFi users. While Bitcoin serves as a store of value, Pal sees higher growth in networks built for mass, automated transactions. This view was highlighted at Consensus 2026, where AI integration and crypto infrastructure were key themes.

bitcoinist12 год тому

This Finance CEO Picks Solana Instead Of Bitcoin — Here’s Why

bitcoinist12 год тому

Gensyn AI: Don't Let AI Repeat the Mistakes of the Internet

In recent months, the rapid growth of the AI industry has attracted significant talent from the crypto sector. A persistent question among researchers intersecting both fields is whether blockchain can become a foundational part of AI infrastructure. While many previous AI and Crypto projects focused on application layers (like AI Agents, on-chain reasoning, data markets, and compute rentals), few achieved viable commercial models. Gensyn differentiates itself by targeting the most critical and expensive layer of AI: model training. Gensyn aims to organize globally distributed GPU resources into an open AI training network. Developers can submit training tasks, nodes provide computational power, and the network verifies results while distributing incentives. The core issue addressed is not decentralization for its own sake, but the increasing centralization of compute power among tech giants. In the era of large models, access to GPUs (like the H100) has become a decisive bottleneck, dictating the pace of AI development. Major AI companies are heavily dependent on large cloud providers for compute resources. Gensyn's approach is significant for several reasons: 1) It operates at the core infrastructure layer (model training), the most resource-intensive and technically demanding part of the AI value chain. 2) It proposes a more open, collaborative model for compute, potentially increasing resource utilization by dynamically pooling idle GPUs, similar to early cloud computing logic. 3) Its technical moat lies in solving complex challenges like verifying training results, ensuring node honesty, and maintaining reliability in a distributed environment—making it more of a deep-tech infrastructure company. 4) It targets a validated, high-growth market with genuine demand, rather than pursuing blockchain integration without purpose. Ultimately, the boundaries between Crypto and AI are blurring. AI requires global resource coordination, incentive mechanisms, and collaborative systems—areas where crypto-native solutions excel. Gensyn represents a step toward making advanced training capabilities more accessible and collaborative, moving beyond a niche controlled by a few giants. If successful, it could evolve into a fundamental piece of AI infrastructure, where the most enduring value in the AI era is often created.

marsbit13 год тому

Gensyn AI: Don't Let AI Repeat the Mistakes of the Internet

marsbit13 год тому

Why is China's AI Developing So Fast? The Answer Lies Inside the Labs

A US researcher's visit to China's top AI labs reveals distinct cultural and organizational factors driving China's rapid AI development. While talent, data, and compute are similar to the West, Chinese labs excel through a pragmatic, execution-focused culture: less emphasis on individual stardom and conceptual debate, and more on teamwork, engineering optimization, and mastering the full tech stack. A key advantage is the integration of young students and researchers who approach model-building with fresh perspectives and low ego, prioritizing collective progress over personal credit. This contrasts with the US culture of self-promotion and "star scientist" narratives. Chinese labs also exhibit a strong "build, don't buy" mentality, preferring to develop core capabilities—like data pipelines and environments—in-house rather than relying on external services. The ecosystem feels more collaborative than tribal, with mutual respect among labs. While government support exists, its scale is unclear, and technical decisions appear driven by labs, not state mandates. Chinese companies across sectors, from platforms to consumer tech, are building their own foundational models to control their tech destiny, reflecting a broader cultural drive for technological sovereignty. Demand for AI is emerging, with spending patterns potentially mirroring cloud infrastructure more than traditional SaaS. Despite challenges like a less mature data industry and GPU shortages, Chinese labs are propelled by vast talent, rapid iteration, and deep integration with the open-source community. The competition is evolving beyond a pure model race into a contest of organizational execution, developer ecosystems, and industrial pragmatism.

marsbit14 год тому

Why is China's AI Developing So Fast? The Answer Lies Inside the Labs

marsbit14 год тому

3 Years, 5 Times: The Rebirth of a Century-Old Glass Factory

Corning, a 175-year-old glass company, is experiencing a dramatic revival as a key player in AI infrastructure, driven by surging demand for high-performance optical fiber in data centers. AI data centers require vastly more fiber than traditional ones—5 to 10 times as much per rack—to handle high-speed data transmission between GPUs. This structural demand shift, coupled with supply constraints from the lengthy expansion cycle for fiber preforms, has created a significant supply-demand gap. Nvidia has invested in Corning, along with Lumentum and Coherent, in a $4.5 billion total commitment to secure the optical supply chain for AI. Corning's competitive edge lies in its expertise in producing ultra-low-loss, high-density, and bend-resistant specialty fiber, which is critical for 800G+ and future 1.6T data rates. Its deep involvement in co-packaged optics (CPO) with partners like Nvidia further solidifies its position. While not the largest fiber manufacturer globally, Corning's revenue from enterprise/data center clients now exceeds 40% of its optical communications sales, and it has secured multi-year supply agreements with major hyperscalers including Meta and Nvidia. Financially, Corning's optical communications revenue has surged, doubling from $1.3 billion in 2023 to over $3 billion in 2025. Its stock price has risen nearly 6-fold since late 2023. Key future catalysts include the rollout of Nvidia's CPO products and the scale of undisclosed customer agreements. However, risks include high current valuations and potential disruption from next-generation technologies like hollow-core fiber. The company's long-term bet on light over electricity, maintained even through the telecom bubble crash, is now being validated by the AI boom.

marsbit15 год тому

3 Years, 5 Times: The Rebirth of a Century-Old Glass Factory

marsbit15 год тому

Торгівля

Спот
Ф'ючерси
活动图片