otmanino
--
♥️ Breaking news from the giants: cryptocurrencies are entering banks through the main door.
🔥 JP Morgan announced an unprecedented step on Wall Street, as it prepares to allow its institutional clients to use Bitcoin and Ethereum as collateral for loans, as part of a global initiative that integrates digital assets into the heart of the traditional banking system.
🔥 The service is aimed at large institutions such as hedge funds, enabling them to obtain liquidity against their digital assets without selling them, while keeping the currencies with an external custodian to reduce risks. This development is a formal recognition of the value of Bitcoin and Ethereum as legitimate financial assets, and accelerates the integration of the traditional finance world with the crypto ecosystem.
🔥🔥 This is how cryptocurrencies move from the margins to a position of influence within the global economy.
🔥 JP Morgan announced an unprecedented step on Wall Street, as it prepares to allow its institutional clients to use Bitcoin and Ethereum as collateral for loans, as part of a global initiative that integrates digital assets into the heart of the traditional banking system.
🔥 The service is aimed at large institutions such as hedge funds, enabling them to obtain liquidity against their digital assets without selling them, while keeping the currencies with an external custodian to reduce risks. This development is a formal recognition of the value of Bitcoin and Ethereum as legitimate financial assets, and accelerates the integration of the traditional finance world with the crypto ecosystem.
🔥🔥 This is how cryptocurrencies move from the margins to a position of influence within the global economy.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
101,816.39
-2.47%
ETH
3,323.22
-4.78%
