JPMorgan considers offering crypto trading to institutional clients
JPMorgan Chase is exploring plans to offer cryptocurrency trading services to its institutional clients, a move that would deepen the bank’s involvement in the digital asset industry.
According to a Bloomberg report published Monday, the banking giant is reviewing potential crypto products within its markets division. The plans are still in early stages and are not yet public, but could include spot and derivatives trading for digital assets.
The reported move comes as demand for crypto exposure grows among large clients and as the regulatory environment in the United States becomes more supportive. Since January, the US government under President Donald Trump has introduced several crypto-friendly policies, including signing the GENIUS Act, a law that sets rules for stablecoin payments.
If confirmed, the move would mark a notable shift in approach from JPMorgan CEO Jamie Dimon, who has long been critical of cryptocurrencies such as Bitcoin. In past comments, Dimon questioned the value of Bitcoin, but more recently has expressed support for stablecoins and the underlying blockchain technology.
JPMorgan’s growing interest in crypto has not been without controversy. In November, Strike CEO Jack Mallers said the bank closed his accounts without explanation, a claim that drew criticism from lawmakers. Dimon later said the bank does not close accounts based on political or religious views.
JPMorgan is not alone in expanding its digital asset offerings. French bank BPCE is preparing to launch crypto trading services for retail customers, while BNY Mellon recently announced a money market fund designed to hold reserves for US stablecoin issuers under new regulatory rules.
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