JPMorgan Weighs Crypto Trading Desk For Institutions: Report

JPMorgan Chase & Co. (NASDAQ:JPM) is exploring cryptocurrency trading services for institutional clients, marking a potential sea change for the largest U.S. bank by assets.

What Happened: The Wall Street giant is assessing spot and derivatives trading capabilities within its markets division, Bloomberg reported Monday, citing a person familiar with the plans.

The effort remains early-stage and hinges on client demand, regulatory feasibility, and risk assessment.

Why It Matters: JPMorgan’s potential entry would be the clearest signal yet that crypto has crossed the Rubicon from “pet rock”—CEO Jamie Dimon’s

Full story available on Benzinga.com