JPMorgan weighs offering institutional crypto trading as Wall Street doubles down on digital assets

JPMorgan Chase & Co. is currently considering offering cryptocurrency trading, including potential spot and derivatives products, to its institutional clients, signaling a deeper engagement with digital assets. This move, which is still under internal assessment, would expand the bank's digital-asset footprint beyond its existing blockchain settlement tools. JPMorgan's potential entry into institutional crypto trading aligns with a broader trend among major Wall Street banks. Institutions like Standard Chartered have already launched spot bitcoin and ether trading for institutional clients, Morgan Stanley is expanding access to spot bitcoin ETFs and preparing direct trading on E-Trade, Citi is exploring digital asset payment rails and stablecoin capabilities, and BNY Mellon is advancing custody and tokenization initiatives. These collective efforts indicate a significant, coordinated shift by major financial institutions to establish a long-term presence in the digital asset space, despite ongoing regulatory uncertainty in the U.S.

(Source：The Block)