Reported about 14 hours ago
JPMorgan Chase will enable institutional clients to use Bitcoin and Ether as collateral for loans by year-end, marking a significant shift in Wall Street's approach to cryptocurrencies. This initiative builds on their previous acceptance of crypto-linked ETFs and reflects the bank's evolving stance toward digital assets. The move highlights how major financial institutions are increasingly integrating cryptocurrencies into traditional lending frameworks, spurred by recent regulatory relaxations and rising demand from clients.
Source: YAHOO