JPMorgan Takes a Key Turn: Will Allow Use of Cryptocurrencies as Collateral in Loans Linked to Bitcoin ETFs
The banking giant JPMorgan & Chase is marking an important milestone in the financial sector by expanding its cryptocurrency-related services for trading and wealth management clients.
This move responds to an increasingly open regulatory environment in the United States towards digital assets, an area that was previously controversial but is experiencing inevitable growth.
According to a Bloomberg report based on anonymous sources, the institution plans to enable its clients to use cryptocurrencies as collateral for loans, particularly concerning exchange-traded funds (ETFs) focused on cryptocurrencies, such as BlackRock's iShares Bitcoin Trust (IBIT). This change could redefine how large traditional banks interact with crypto assets.
