(Bloomberg) Citing informed sources, U.S. financial giant JPMorgan Chase is assessing the provision of cryptocurrency trading services to institutional clients. As the market's demand for 'compliant trading channels' continues to heat up, this move is seen as an important signal of Wall Street's further deepening layout in digital assets.
Informed sources revealed that to expand its business in the cryptocurrency field, JPMorgan is assessing what products and services its market department can provide, with potential options including spot trading and derivatives trading.
This layout is currently still in the early stages, mainly in response to the recent shift in the U.S. regulatory environment and the growing investment interest from clients. Whether it will be implemented in the future still depends on the market demand intensity for specific products, a comprehensive assessment of risks and opportunities, and the feasibility from a regulatory perspective.
In the past, JPMorgan, although actively developing blockchain settlement tools and tokenization platforms, has always been cautious about directly involving itself in 'cryptocurrencies.' If it indeed opens up direct trading for institutions, even if limited to institutional participation, it will be a significant leap for JPMorgan's digital asset strategy.
Looking across the financial sector, JPMorgan is not an isolated case. Even though there is still uncertainty in U.S. regulatory policies, major banks are forming a wave of collective shift, vying to position themselves in the cryptocurrency market.
Earlier this year, Standard Chartered has taken the lead in offering institutional clients spot trading in Bitcoin and Ethereum, becoming one of the few major international banks to directly allow clients to enter the cryptocurrency market.
Morgan Stanley has expanded the investment channels for its wealth management clients in Bitcoin spot ETFs and is preparing to allow trading of Bitcoin, Ethereum, and Solana (SOL) through its E-Trade platform.
Citi has been actively researching digital asset payment tracks and stablecoin applications in recent years. In addition to collaborating with Coinbase, it is also evaluating the launch of its own stablecoin-related products.
BNY Mellon continues to expand its custody and asset tokenization layout and plans to hold dollar reserves for the stablecoin RLUSD launched by Ripple; Goldman Sachs is also continuously building tokenization and digital asset infrastructure through industry alliances and collaborations.
Overall, this series of actions reflects the growing consensus among large financial institutions: digital assets will be a long-term trend. Even though the U.S. cryptocurrency regulatory framework has not yet been fully defined, Wall Street is no longer willing to be absent from this structural change.
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"(Bloomberg): JPMorgan considers opening cryptocurrency trading for 'institutional clients'" This article was first published on (Blockcast).
