One of many largest banks in the USA, JPMorgan Chase, has introduced that it’s going to enable its purchasers to purchase Bitcoin. The financial institution’s CEO, Jamie Dimon, made the assertion in the course of the firm’s annual Investor Day occasion, saying:
“We are going to allow you to purchase Bitcoin.”
Nevertheless, JPMorgan won’t supply any custody providers for the Bitcoin purchases. In response to Dimon, these transactions will solely be mirrored in shopper statements, with out the financial institution managing or holding the belongings straight.
A Stunning Shift from a Bitcoin Critic
This transfer is especially noteworthy given CEO Jamie Dimon’s traditionally essential stance towards the cryptocurrency market. The choice is being considered as a major step within the monetary world, highlighting how Bitcoin is more and more being accepted inside the mainstream monetary system.
Beforehand, Morgan Stanley had taken the same step by permitting a few of its monetary advisors to supply spot Bitcoin ETFs to eligible purchasers beginning in August.
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