JPMorgan is reportedly evaluating providing cryptocurrency trading to its institutional clients, aligning with the bank’s broader push to expand crypto-related services. The discussions could cover not only spot trading but also crypto derivatives.
Earlier this year, the bank launched JPM Coin, a digital token operating on Coinbase Global’s public blockchain to facilitate fund transfers. It has not yet offered direct crypto trading to customers.
Goldman Sachs has operated a cryptocurrency derivatives desk for years. Morgan Stanley has partnered with crypto firm ZeroHash to offer client crypto trading on the E-Trade platform starting next year. JPMorgan’s potential expansion into crypto trading underscores the ongoing shift among major banks to provide crypto-related services amid growing institutional interest. This development signals a broader move into a digital-asset ecosystem as regulation and infrastructure continue to mature.
Leave a Reply