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JPMorgan has reportedly sent a memo to advisors giving them the green-light to offer crypto exposure to all clients. Previously, the bank had only offered cryptocurrency trading to a select group of clients. Investors will now have access to five funds, four of which are from Grayscale Investments, with the fifth from Osprey Funds. promo
JPM Coin is a digital coin designed to make instantaneous payments using blockchain technology. Read more
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Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto trading access beyond just ultra-wealthy clients.
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Advisors in JPMorgan’s $630 billion wealth management division can now accept orders to buy and sell five crypto products including Grayscale’s Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust,.
In 2019 , JPMorgan said it was turning to crypto to modernize one of its most central businesses. The biggest U.S. bank said it developed a prototype digital coin that it planned to use to speed up.
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The moves by JPMorgan, the biggest U.S. bank by assets, makes it clear that Wall Street’s years-long reluctance to deal with cryptocurrencies is over. It follows earlier steps by rivals Morgan.
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US investment bank JP Morgan has created a crypto-currency to help settle payments between clients in its wholesale payments business. JPM Coin is the first digital currency to be backed by a major.
Square (NYSE:SQ) is one of the many companies that knew the importance of cryptocurrencies ever since their inception. Its mobile payment service, Cash App, facilitates the users to buy and sell.
JP Morgan creates first US bank-backed crypto-currency - BBC News
Binance.US, a domestic exchange run by global crypto powerhouse Binance, provides much of its parent company’s pros, including industry-low fees and a broad range of cryptocurrencies available .
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