Bloomberg: JPMorgan is considering opening cryptocurrency trading services for institutional clients, as Wall Street continues to position itself in Crypto.

According to a report by Bloomberg today (22), JPMorgan Chase is exploring providing Crypto Assets trading services for its institutional clients. (Previously: Michael Saylor: Large banks such as JPMorgan, Citigroup, BNY Mellon, and Wells Fargo have begun offering “Bitcoin collateral loans”) (Background Supplement: WSJ: JPMorgan launches the first tokenized money market fund “MONY”, allowing assets to settle faster through blockchain)

According to a report by Bloomberg today (22nd), American financial giant JPMorgan Chase is exploring the provision of Crypto Assets trading services for its institutional clients. The plan was revealed by insiders and is still in the consideration stage. JPMorgan Chase plans to handle the related assets through third-party custodians (rather than self-custody) to avoid potential regulatory risks and operational issues.

JPMorgan attempts to expand its influence in the encryption market.

Insiders further pointed out that JPMorgan is assessing what specific products and services its market division can offer to expand its influence in the Crypto Assets field. This may cover items such as spot trading and derivatives trading. However, the advancement of specific plans will depend on whether client demand is strong enough, a comprehensive assessment of risks and opportunities, and whether it is feasible from a regulatory perspective.

JPMorgan continues to layout the Crypto Assets market

It is worth mentioning that this development continues the gradual deepening of JPMorgan's layout in the Crypto Assets sector throughout 2025, including allowing institutional clients to use Bitcoin (BTC) and Ethereum (ETH) as loan collateral, launching the deposit token JPM Coin (JPMD), and conducting on-chain settlements through the blockchain platform Kinexys.

Additionally, JPMorgan Chase CEO Jamie Dimon has historically criticized Bitcoin and other crypto assets, referring to them as “frauds” or lacking substantive value. However, in recent years, his attitude has changed: he has begun to acknowledge the practical application value of blockchain technology and stablecoins, emphasizing that these technologies can improve transaction efficiency and customer service.

Overall, this move reflects that traditional financial institutions are embracing Crypto Assets with a cautious yet proactive attitude. Industry observers believe that this not only responds to customer demand but is also influenced by competitive pressure and regulatory easing. If the plan progresses smoothly, it will further accelerate the integration of Wall Street and the Crypto ecosystem.