The Node: JPM’s BTC Lending Play
Main Idea
The browser verification process was unsuccessful.
Key Points
1. Browser verification failed.
Description
The Financial Times reports that JPMorgan, the world’s biggest bank, is looking into issuing crypto-backed loans, meaning that its clients may soon be able to pledge bitcoin, ether, or some other token to borrow dollars. The news is notable for a couple of reasons. Crypto folks love pointing out that Jamie Dimon, the bank’s chief executive, famously said in 2017 that he’d fire any employee caught trading bitcoin for being “stupid,” so JPMorgan considering the issuance of such a product (and gett...
$BTC
$117648.7
-0.86%
Latest News
- ATOM Sinks 5% Amid Altcoin Weakness, Faces Key Support Test2025-07-23 16:26:49
- ICP Drops 5% as Crypto Market Rotates, Resistance Holds2025-07-23 16:24:05
- NEAR Protocol Slides 5% as Altcoin Season Abruptly Ends2025-07-23 16:19:29
- The Rate Renaissance: How Benchmark Rates Unlock DeFi’s Potential2025-07-23 16:04:59
- BONK Tests Support Levels After High-Volume Drop2025-07-23 16:04:11