JP Morgan to fulfil client demand for crypto

What

One of America’s largest banks, JP Morgan, aims to provide crypto offerings to keep up with client demand

Why

Crypto has proliferated throughout institutions thanks to an uptick in adoption and client demand

What next

Clients of JP Morgan can expect more crypto products, despite CEO Jamie Dimon’s critical opinion of cryptocurrency

The story

Leading US bank JP Morgan said it aims to provide crypto offerings to keep up with client demand, despite the critical opinions on cryptocurrencies from CEO Jamie Dimon.

Head of Global Markets at JP Morgan, Troy Rohrbaugh said the bank intends to expand its crypto offerings with confidence as the space becomes more regulated. Part of this plan is to create an environment where clients are able to scoop up and trade a large number of digital assets.

“It is critically important for us to be there as these asset classes develop,” Rohrbaugh said.

JP Morgan’s last big step in the space came last August when they unveiled a passive Bitcoin fund. Then in October, the megabank also launched a dedicated blockchain unit called Onyx.

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