Institutional Investments
JPMorgan Chase's Policy Reversal: In a surprising move, #JPMorgan Chase CEO Jamie Dimon announced that the bank will begin allowing clients to purchase Bitcoin, despite his long-standing criticism of the cryptocurrency. This decision aligns JPMorgan with rival Morgan Stanley, which started allowing crypto purchases in August 2024.
Coinbase's Acquisition of Deribit: Coinbase has announced a $2.9 billion acquisition of Deribit, a major crypto derivatives exchange. This move is expected to bolster Coinbase's position in the crypto derivatives market.
