menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

JPMorgan t...
source image

Bitcoinmagazine

1M

read

149

img
dot

JPMorgan to Offer Clients Financing Against Bitcoin & Crypto ETFs

  • JPMorgan Chase & Co. plans to allow its trading and wealth-management clients to use cryptocurrency-linked assets, including spot Bitcoin exchange-traded funds (ETFs), as collateral for loans.
  • The bank will start with BlackRock’s iShares Bitcoin Trust (IBIT) and plans to extend to additional ETFs gradually for clients globally.
  • JPMorgan will now factor in crypto holdings into net worth and liquid asset evaluations, aligning them with traditional assets like stocks and vehicles for loan eligibility.
  • This decision signifies a formal expansion of crypto integration, following a more positive regulatory environment in the U.S., with President Donald Trump's administration showing favor towards digital assets.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app