Summary
- J.P. Morgan has formalized plans to support trading of Bitcoin and other virtual assets.
- J.P. Morgan said it will support clients to trade virtual assets directly.
- However, custody services are not yet part of the plan, and the bank said it is reviewing the possibility of cooperating with external custodians.
According to CNBC on the 13th (local time), global investment bank J.P. Morgan has formalized plans to support trading of virtual assets (cryptocurrencies) such as Bitcoin (BTC) in the future.
Scott Lucas, global head of digital assets at J.P. Morgan, said in an interview, "We plan to support clients to trade virtual assets directly," adding, "However, custody services are not yet included in the plan."
He added, "We are currently reviewing the possibility of cooperating with external custodians."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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