JPMorgan Chase (NYSE: JPM), the world's largest bank by market capitalization, is reportedly considering launching cryptocurrency trading services for institutional clients, Bloomberg reported on Dec. 22. The bank is looking at what crypto products and services it could offer to its customers, a source told the publication. Spot and derivatives crypto trading are on the cards, a source said. Related: JPMorgan issues first U.S. debt deal on popular blockchain It marks a remarkable step for the Wall Street ...

JPMorgan has migrated its tokenized deposit product, JPM Coin (JPMD), from its internal permissioned blockchain Kinexys to Coinbase’s Ethereum L2 network Base, in order to meet institutional clients’ needs for payments, collateral, and margin settlement on public blockchains. https://t.co/xOS6QEUQSZ ...

The parameters of the bank’s beachhead are clear: JPMD is a permissioned token that is only transferable between whitelisted parties, i.e. the clients that have been onboarded to the JPM Coin platform.Beyond just meeting rising customer demand, there’s another, perhaps more cynical way of looking at banks’ embrace of crypto and crypto-adjacent products: banks are mounting a defense, staking out some onchain territory for their deposit-taking businesses in the face of a rapidly expanding stablecoin universe ...

JPMorgan Chase & Co. (NYSE: JPM) has come a long way when it comes to crypto. At one point, they used to look at anything blockchain or digital assets with skepticism. CEO Jamie Dimon, who famously called Bitcoin a “fraud” in 2017, has since softened his stance, acknowledging that “the blockchain is real.” Analysts view the move as a full-circle moment for Wall Street’s largest bank, signaling crypto’s acceptance in mainstream finance. But the bank has now made another milestone move that reinforces the ...