JPMorgan Exploring Crypto Trading Services for Institutional Clients Amid Broader Wall Street Adoption
JPMorgan Chase is quietly evaluating the possibility of offering cryptocurrency trading services, including spot and derivatives trading, to its institutional clients. These plans remain in the early stages and are dependent on client demand. The bank has not finalized any decisions on the matter and declined to comment to Bloomberg, with Reuters unable to verify the information.
This move comes despite JPMorgan CEO Jamie Dimon's well-known skepticism towards Bitcoin. Previously, the bank stated that it would allow clients to buy Bitcoin but would not provide custody services for it. JPMorgan has continued to expand its engagement with blockchain technology, as illustrated earlier this month when it arranged a short-term bond for Galaxy Digital on the Solana blockchain.
In December, JPMorgan launched its first tokenized money-market fund, named MONY, on the Ethereum blockchain. The fund started with $100 million in initial capital through Kinexys Digital Assets and targets qualified investors holding at least $5 million in investable assets. It accepts both cash and USDC as investment forms.
The broader Wall Street adoption of cryptocurrency is accelerating. Morgan Stanley plans to introduce crypto trading on its E*Trade platform in the first half of 2026 through a partnership with Zerohash, while Charles Schwab is set to offer Bitcoin trading in the same period. Reports indicate that approximately 20% of Schwab clients currently own some form of cryptocurrency.
The regulatory and policy environment is seen as improving under the Trump administration, which has pledged to make the United States a global leader in crypto, potentially offering greater market clarity.
Regarding the Bitcoin market context, Bitcoin has been trading in a range-bound manner. JPMorgan analysts project Bitcoin could reach around $170,000 within six to twelve months. Currently, the global cryptocurrency market is near $3.1 trillion, with Bitcoin's market cap around $1.8 trillion. Analysts anticipate a new all-time high for Bitcoin next year.
