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JPMorgan Plans to Accept Bitcoin, Ether as Loan Collateral for Institutional Clients by Year End
JPMorgan Chase & Co. plans to let institutional clients use Bitcoin and Ether holdings as collateral for loans by the end of the year. The initiative will be available globally and will use a third-party custodian to secure the digital assets, Bloomberg reported. The bank has previously accepted crypto-linked ETFs as collateral. The move reflects growing integration of digital assets into mainstream finance. Bitcoin’s price gains and regulatory adjustments under the current U.S. administration have encouraged banks to expand crypto services. JPMorgan’s approach treats crypto like traditional assets such as ... (full story)