JPMorgan Chase is reportedly planning to launch a lending service backed by clients' cryptocurrency holdings, including $BTC and $ETH , according to a report from the Financial Times on Tuesday, citing sources familiar with the matter.
The report mentioned that JPMorgan could roll out the new initiative next year — although it is still subject to change. JPMorgan was previously reported to be exploring plans to offer loans secured by crypto exchange-traded funds (ETF), starting with BlackRock's iShares Bitcoin Trust. The report noted that lending against the actual assets would be a further step.
