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JPMorgan Chase: Plans to Begin Cryptocurrency Trading but Holds Off on Custody Services

JPMorgan Chase: Plans to Begin Cryptocurrency Trading but Holds Off on Custody Services

BlockBeats News, October 14th, according to Cryptobriefing, the Head of JPMorgan’s Digital Assets Markets confirmed that the bank plans to engage in digital asset trading, but currently has no plans to offer custody services.

The bank stated that it is assessing third-party custody providers and its own risk tolerance to support its growing digital asset business. Currently, major banks are gradually lifting restrictions on holding Bitcoin to provide clients with broader access channels.

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