JpmorganBitcoin (BTC) to its customers 
$118,550.58 and Ethereum (ETH) 
$3,832.26 It was reported that he evaluated the option of cash lending with the guarantee. Financial Times according to the news If the policy change occurs, only the bank ETF Instead of indirect products such as such crypto currencies will be able to accept collateral. JPMorgan, the largest bank in terms of the total asset size of the US, can get ahead of its competitors such as Goldman Sachs, which has not yet going to a similar application. The process is planned to be carried out through a third -party storage service.
Possible competitive advantage of the policy change to JPMorgan
JPMorgan’s direct crypto currency Evaluation of the collateral may attract the attention of corporate and individual investors looking for flexibility in credit products. With a model that is not limited to ETFs, the Bank can differentiate risk management by providing a variety of collaterals in the market. Such an application of traditional financial institutions crypto currencyEither it can indirectly affect your gaze. Because a leading bank will take the reference point in the sector.
The fact that competitors are left behind will give JPMorgan the opportunity to experience process management and compliance costs as well as the advantage of the first movement. Goldman Sachs The fact that such institutions do not offer a similar product yet can make it easier for JPMorgan to refine the product set by testing the market. The use of third -party storage service may provide additional support to the bank in terms of operational security and regulation compliance. Bitcoin And EthereumThe lack of direct balance of the balance sheet will help limit legal and operational risks. Crypto investors’ application – the reason will surprise you!
CEO Jamie Dimon’s attitude
JPMorgan CEO Jamie Dimonhas been known for years of distance to crypto currencies. In May, the US criticized the idea of Bitcoin to hold Bitcoin was one of the last examples of this opposing attitude. Now the loan -based model on the table reflects the necessity of responding to the demand from the customer rather than an intellectual break in the management of the bank. In corporate strategies, the difference between discourse and product design can be explained for practical reasons imposed by market conditions.
The fact that the policy change is still in the evaluation phase shows that the final decision will be shaped according to the regulatory environment, risk appetite and market demand. Jpmorgan’s step in this matter is not only the bank, but all Wall Street It can open a new page in the ecosystem’s view of products with crypto currency guaranteed products. Regardless of the direction of the decision, the main axis of the discussion has shifted to the question of “how and in what frame it can be”, not “crypto currency guarantee”.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
