Wall Street giant JPMorgan sets up crypto trading desk for institutions
JPMorgan, the largest US bank, is currently reviewing how its markets division can handle crypto products, including spot trades and derivatives, according to Bloomberg, which claims that the work is still early, the plans are not public, and nothing is live yet.
The push is driven by client requests that picked up pace after Donald Trump returned to the White House in January and installed crypto-friendly regulators and passed new stablecoin rules.
Earlier this month, the Office of the Comptroller of the Currency said U.S. banks are allowed to act as intermediaries in crypto markets.
JPMorgan weighs trading products as regulation opens doors
According to Bloomberg, if the bank’s clients want size and liquidity, the trading desk…
