🚨🚨 Breaking News..!!
JPMorgan Plans to Accept Bitcoin and Ethereum as Collateral for Loans. 🔥
🥳🥳 JPMorgan Chase & Co. (NYSE:JPM) recently noted that it will be allowing institutional customers to use their Bitcoin $BTC and Ethereum $ETH as a form of collateral for loans, marking a significant shift in how Wall Street’s largest banking institutions leverages digital assets as part of its core lending strategy. This, according to a report from Bloomberg.
💯💯 The recently announced initiative, expected to be rolled out by the end of 2025, will allow customers pledge Bitcoin and Ethereum for obtaining secured loans. A third-party custodian is to be responsible for safeguarding the pledged crypto tokens in order to ensure adequate risk compliance.
BTCUSDT
Perp
105,248.1
-0.81%
ETHUSDT
Perp
3,576.55
-0.80%