Crypto Banks Forced To Innovate as JPMorgan Encroaches on Their Turf
Key Takeaways
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JPMorgan plans to start accepting BTC and ETH as loan collateral by the end of the year.
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Increased competition in the space poses a challenge for crypto-native lenders.
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Crypto banks are building new products and services to differentiate themselves.
Crypto-collateralized loans were once the preserve of niche lenders like AMINA and Sygnum.
But as JPMorgan prepares to enter the space, dedicated crypto banks are looking for new ways to differentiate themselves.
JPMorgan initiated its foray into crypto-backed lending earlier this year, when the bank started letting wealthy account-holders use…
