Bloomberg: JPMorgan Chase considers opening cryptocurrency trading services for institutional clients, Wall Street continues to deploy Crypto

According to a report by Bloomberg today (22nd), JPMorgan Chase is exploring providing cryptocurrency trading services to its institutional clients.
(Preliminary summary: Michael Saylor: JPMorgan Chase, Citi, New York Mellon, Wells Fargo and other large banks have begun to issue "bitcoin mortgage loans")
(Background supplement: WSJ: JPMorgan Chase launched the first tokenized money market fund "MONY" to allow assets to be settled faster through the blockchain)

According to a report by "Bloomberg" today (22nd), the US financial giant JPMorgan Chase (JPMorgan) Chase is exploring offering cryptocurrency trading services to its institutional clients. The plan is still in the consideration stage, according to people familiar with the matter. JPMorgan Chase plans to handle related assets through a third-party custodian (rather than self-custody) to avoid potential regulatory risks and operational issues.

JPMorgan Chase is trying to expand its influence in the cryptocurrency market

Informed sources further pointed out that JPMorgan Chase is evaluating what specific products and services its market department can provide to expand its influence in the cryptocurrency field. This may cover items such as spot trading as well as derivatives trading. However, the advancement of specific plans will depend on whether customer demand is strong enough, a comprehensive assessment of risks and opportunities, and whether it is feasible from a regulatory perspective.

JPMorgan Chase continues to deploy the crypto market

It is worth mentioning that this development continues JPMorgan Chase’s gradual deepening of its layout in the crypto field throughout 2025, including allowing institutional customers to use Bitcoin (BTC) and Ethereum (ETH) as loan collateral, launching the deposit token JPM Coin (JPMD), and conducting on-chain settlement through the blockchain platform Kinexys.

In addition, JPMorgan CEO Jamie Dimon has long criticized cryptocurrencies such as Bitcoin in the past, calling them "scams" or lacking substantial value. However, his attitude has changed in recent years: he has begun to acknowledge the practical application value of blockchain technology and stable coins, emphasizing that these technologies can improve transaction efficiency and customer service.

Overall, this move reflects that traditional financial institutions are embracing crypto assets with a cautious but positive attitude. Industry observers believe that this is not only a response to customer demand, but also affected by competitive pressure and regulatory relaxation. If the plan proceeds smoothly, it will further accelerate the integration of Wall Street and the encryption ecosystem.