Bitcoin, Ethereum To Back Loans? JPMorgan Explores Bold New Option

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JPMorgan is reportedly considering loans backed directly by clients’ Bitcoin and Ethereum holdings, a move that would pull TradFi further into crypto. JPMorgan Could Launch Crypto-Backed Loans As Soon As Next Year According to a Financial Times report , JPMorgan Chase is exploring plans to offer its clients the option to use their cryptocurrency holdings as collateral for loans. JPMorgan Chase is the largest bank in the US and ranks amongst the biggest in the world. It manages over $4 trillion i...