JPMorgan Explores Crypto Trading Desk for Institutional Clients
JPMorgan Chase is quietly building infrastructure for cryptocurrency trading services targeting institutional clients, according to people familiar with the matter. The Wall Street giant is evaluating spot and derivatives products, marking a strategic pivot despite CEO Jamie Dimon's historical skepticism toward Bitcoin.
The development reflects accelerating institutional adoption as regulatory frameworks mature. While plans remain preliminary and demand-dependent, JPMorgan's blockchain division has progressed steadily—launching JPM Coin for wholesale payments and participating in blockchain interoperability projects.
This move would position JPMorgan alongside Goldman Sachs and Morgan Stanley in catering to institutional crypto demand. Market infrastructure improvements and clearer regulations appear to be driving reconsideration of digital assets across traditional finance.
