JPMorgan Chase To Start Crypto-Backed Lending Against BTC And ETH Starting Next Year
JPMorgan Chase is exploring the possibility of lending against its clients’ holdings of crypto assets, starting next year.
If this goes through, JP Morgan Chase would become the largest American bank to endorse crypto. The financial institution, however, has cautioned that its plans are subject to change.
With the ability to use Bitcoin and Ethereum as collateral, crypto-backed lending opens new financial avenues for users. The shift by leading US banks toward these services aligns with the pro-crypto regulatory stance of the Trump administration.
