JPMorgan Considers Crypto Trading Services for Institutional Clients
JPMorgan Chase, the world’s largest bank, is contemplating the provision of cryptocurrency trading services to its institutional clients. This marks a significant shift in Wall Street’s approach to digital assets. The bank is currently exploring products like spot and derivatives trading to broaden its crypto footprint.
This move signifies a noteworthy evolution for both JPMorgan and its CEO, Jamie Dimon. Despite his long-standing criticism of Bitcoin, Dimon has always maintained that clients should have the freedom to make their own investment decisions. The bank’s shift towards crypto aligns with President Trump’s more favorable policies, including the GENIUS Act signed in July 2025 that established a regulatory framework for stablecoins.
JPMorgan is joining a growing list of major financial institutions that are embracing crypto as regulatory clarity improves. Notable examples include:
- BlackRock, which now manages close to $100 billion in Bitcoin ETF assets
- Goldman Sachs, which operates a crypto derivatives desk
The bank has already begun allowing institutional clients to use Bitcoin and Ethereum as collateral for loans and has recently launched its first tokenized money fund.
Source: Bloomberg