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JPMorgan To Allow Customers Buy Bitcoin But Dismisses BTC Custody Plans

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May 19, 2025
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JPMorgan To Allow Customers Buy Bitcoin But Dismisses BTC Custody Plans
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JPMorgan has announced plans to allow its customers to purchase Bitcoin despite CEO Jamie Dimon’s long-standing skepticism toward the cryptocurrency. The major financial institution recently completed its first public transaction of tokenized treasuries. JPMorgan embraces Bitcoin trading while CEO maintains skepticism JPMorgan will allow customers to buy Bitcoin, its CEO, Jamie Dimon, has said in a recent Investor Day. The decision is a clear U-turn for the $4 trillion asset manager, which only recently showed a measured stance in embracing cryptocurrency investing. The bank has already started expanding its blockchain footprint and recently officially wrapped up its first publicly announced tokenized treasuries transaction. The transaction had involved partnerships with Chainlink and Ondo Finance. This is an indicator of JPMorgan’s increasing familiarity with blockchain technology, even as it approaches some cryptocurrencies with caution. The announcement follows increasing mainstream interest in cryptocurrencies throughout 2025. Dimon’s recent statement comes as Strategy purchased 7,390… Read More at Coingape.com

The post JPMorgan To Allow Customers Buy Bitcoin But Dismisses BTC Custody Plans appeared first on CoinGape.

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