JPMorgan Considers Crypto-Backed Loans for Bitcoin and Ethereum Holdings
TLDR
- JPMorgan is considering launching crypto-backed loans as early as next year, allowing clients to borrow against Bitcoin and Ethereum holdings
- The bank already permits clients to borrow against crypto ETFs like BlackRock’s Bitcoin Trust but would expand to direct cryptocurrency collateral
- CEO Jamie Dimon recently said JPMorgan plans greater involvement in stablecoins despite maintaining skepticism about Bitcoin
- The move reflects the more crypto-friendly regulatory environment under the Trump administration
- JPMorgan would join competitors like Bank of America and Citibank in developing cryptocurrency-related financial products
JPMorgan Chase is exploring the launch of cryptocurrency-backed lending services that would…
