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JPMorgan’s Bitcoin Play: Clients Can Buy—But Don’t Ask Them to Hold It
JPMorgan’s Bitcoin Play: Clients Can Buy—But Don’t Ask Them to Hold It
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Jamie Dimon’s bank finally caves to crypto demand—with a classic Wall Street hedge. No custody means no balance sheet risk, just a tidy spread on transactions. The anti-Bitcoin CEO greenlights trading while keeping his hands surgically clean.
Wall Street’s dance with crypto gets weirder: JPMorgan now executes Bitcoin buys for clients who’ve begged long enough, but won’t touch the asset itself. Because nothing says ’we believe in this technology’ like refusing to safeguard it.
Dimon’s latest move proves even the staunchest crypto critics can’t ignore the fees. Next up: Goldman Sachs launches a ’blockchain innovation lab’ staffed entirely by interns.
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