JPMorgan is considering offering cryptocurrency loans. JPMorgan, one of the largest banks in the world, is exploring the possibility of directly offering Bitcoin and Ethereum loans by 2026. The bank has also focused its attention on stablecoins. The potential acceptance of cryptocurrencies as collateral by this major banking institution is seen as a confirmation of traditional financial institutions taking cryptocurrencies seriously.
This decision comes after years of skepticism from Jamie Dimon, the CEO of the bank. In 2017, he called Bitcoin a "fraud" and stated that any employee trading Bitcoin would be fired. In January 2025, he also described Bitcoin as a "Ponzi scheme."