JPMorgan Chase Considering Allowing Clients To Borrow Against Their Crypto Assets: Report
Description
The financial giant JPMorgan Chase is reportedly considering loaning against its clients’ Bitcoin ( BTC ) and Ethereum ( ETH ) holdings. The Financial Times, citing anonymous sources “familiar with the matter,” reports that the top global investment bank could start lending against crypto assets next year. JPMorgan, which declined to comment to FT, would likely have to employ a third-party platform to custody crypto assets seized from customers who default on their loans. The potential developme...
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