JP Morgan now points to loans guaranteed by Bitcoin and Ethereum
JP Morgan, the largest United States Bank, plans to offer loans supported by assets such as Bitcoin (BTC) and Ethher (ETH), Cryptocurrency of Ethereum, starting next year.
This step reflects a significant change in the bank’s position towards digital assets. Sources consulted by Financial Times indicate that these plans, although not finished, could be modified. The service It points to digital asset Hodlers, who seek to obtain liquidity without getting rid of their coins.
In addition, JP Morgan evaluates Accept ETF of Bitcoin as a guarantee, starting with the Ishares Bitcoin Trust (Ibit) background managed by Blackrock, as Cryptonoticias reported in June.
This movement Underline The growing integration of cryptoactive in the regulated financial industry. The second Trump administration has promoted a less strict regulation, unlike the position of the Biden administration.
In fact, the Federal Reserve (FED) eliminated in April several guidelines that Banking activities with cryptoactivewith the objective of updating regulations and promoting financial innovation.
Thus, JP Morgan is positioned as a key actor in the integration of cryptoactives into the traditional financial system, responding to an evolving market and a regulatory environment in transformation.
