JPMorgan Now Lets Clients Borrow Cash Using Crypto as Collateral
JPMorgan is expanding its crypto services by allowing wealth and trading clients to borrow cash using crypto-related assets, starting with BlackRock’s Bitcoin ETF. For the first time, the bank will also include cryptocurrencies like Bitcoin in clients’ net worth calculations, treating them like stocks or cars when determining loan eligibility.
This move comes as client demand for crypto grows and U.S. regulations ease under the Trump administration, which has rolled back anti-crypto policies and allowed banks to custody digital assets. Bitcoin recently hit a new all-time high of nearly $112,000, and crypto ETFs now manage over $128 billion.
Despite CEO Jamie Dimon’s skepticism—he’s called Bitcoin a “pet rock”—JPMorgan is embracing crypto to meet client needs and profit from the booming market. Morgan Stanley is also moving into crypto trading under the current regulatory climate.
This shift makes it easier for clients to use crypto for real-world finance, marking a key step in integrating digital assets into mainstream banking.