Why Is JPMorgan Blocking Crypto Exchange Gemini?
Key Notes
- The dispute follows a Bloomberg report revealing JPMorgan’s decision to charge fintech firms for accessing customer banking data.
- Cameron Winklevoss warned the policy could “bankrupt fintechs” that support crypto transactions.
- The crypto exchange and the banking giant have had a tense relationship since at least 2023.
Tyler Winklevoss, the co-founder of crypto exchange Gemini, has recently slammed banking giant JPMorgan for preventing the crypto exchange from the onboarding process after his public criticism of the bank’s new data policy.
In his post on July 25, Winklevoss called JPMorgan’s alleged retaliation anti-competitive behavior, and something that could harm crypto and fintech firms. This…
