JPMorgan Allows Bitcoin Purchases but Excludes Custody Services
- JPMorgan will enable customers to buy Bitcoin, marking a shift in its cryptocurrency strategy.
- The bank recently completed its first public transaction of tokenized treasuries with Chainlink and Ondo Finance.
- CEO Jamie Dimon remains skeptical of Bitcoin, describing it as a “Ponzi scheme” earlier this year.
- The bank will not provide custody services for Bitcoin, focusing instead on trading capabilities.
- Bitcoin is trading just 3.7% below its all-time high of $109,000.
JPMorgan is expanding its cryptocurrency offerings by allowing Bitcoin purchases while maintaining a cautious stance by excluding custody services. CEO Jamie Dimon continues to express skepticism toward the cryptocurrency despite these new offerings.
Source (2.6)https://coingape.com/jpmorgan-to-allow-customers-buy-bitcoin-but-dismisses-btc-custody-plans/?rand=24432
