Coinbase (COIN), Bullish (BLSH) Galaxy (GLXY) may benefit from JPMorgan’s crypto moves
JPMorgan’s (JPM) reported plan to offer crypto trading to institutional clients could reshape the competitive landscape, but not necessarily at the expense of its rivals.
According to analysts, the Wall Street giant’s entrance may benefit existing players like Coinbase (COIN), Bullish (BLSH), and Galaxy Digital (GLXY) even as it signals stiffer competition ahead.
“If JPMorgan offers crypto trading to institutional clients, it will be a big positive to the space,” said Owen Lau, analyst at ClearStreet. “It will further legitimize crypto and increase distribution channels,” he continued. “The domino effect will likely cascade down to other banks. Coinbase and Bullish are well positioned to benefit from aggregating and matching…
