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JPMorgan to Allow Clients to Pledge Bitcoin and Ether as Collateral: Bloomberg

Home Press Releases Crypto News Coindesk JPMorgan to Allow Clients to Pledge Bitcoin and Ether as Collateral: Bloomberg

Investment banking giant JPMorgan Chase plans to let institutional clients use their bitcoin BTC $110,231.23 and ether ETH $3,903.22 holdings as collateral for loans by year-end, according to a report by Bloomberg.

The tokens pledged under the global program will be safeguarded by a third-party custodian and extends JPMorgan’s earlier move to accept crypto-linked ETFs as loan c

Go to Source to See Full Article
Author: Omkar Godbole

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