JPMorgan Chase Confirms Crypto Trading Plans, Explores Stablecoin Launch

JPMorgan Chase is moving forward with plans to launch cryptocurrency trading services, as confirmed by Scott Lucas, head of Digital Assets Markets at the bank. The announcement, made during a CNBC interview, signals a significant step in institutional adoption of digital assets.

The bank will not offer custody services in the foreseeable future, creating a notable gap in its crypto offerings. This limitation stems from regulatory complexities surrounding asset storage. "Jamie Dimon made it clear we'll trade these assets, but storage isn't on the table," Lucas stated, referencing the CEO's earlier comments.

JPMorgan's crypto roadmap includes exploring a proprietary stablecoin, potentially joining the ranks of financial institutions creating their own dollar-pegged tokens. The MOVE comes after Dimon revealed in May 2025 that client demand was driving the bank's crypto ambitions.

While spot trading and crypto-backed loans will be available, the lack of custody solutions may push institutional clients toward specialized digital asset custodians. This strategic decision reflects Wall Street's cautious yet determined approach to cryptocurrency integration.