JPMorgan Chase Explores Issuing Loans Backed by Customer Cryptocurrency
BlockBeats News, July 22, JPMorgan Chase is exploring the possibility of using customers' cryptocurrency assets as collateral for loans, marking another sign of one of the largest banks in the U.S. pushing for crypto assets to enter the mainstream financial system. If this policy is ultimately implemented, it will signal a significant shift in JPMorgan Chase CEO Jamie Dimon's stance. Eight years ago, Dimon called Bitcoin a "fraud," stating that it would "eventually blow up" and was only useful for drug dealers and murderers. Insiders revealed that JPMorgan Chase may begin accepting cryptocurrencies such as Bitcoin and Ether as collateral for direct loans as early as next year, but the plan is still subject to change. JPMorgan Chase declined to comment on this matter. (FXStreet)
You may also like
Gainers
Latest Crypto News
Pacifica: Users who were liquidated between October 1st and December 1st will receive a 20% bonus on December transactions.
「Calm Dip Buyer」 Buys the Dips on BTC, ETH, SOL, Holding a Position Worth $13.6 Million
"The Big Short" Michael Burry Reveals Short Position on Tesla
The probability of a 25 basis point interest rate cut by the Federal Reserve in December is 87.6%.
Powell did not comment on the economy and monetary policy in his Stanford University speech
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com