JPMorgan executive: The bank will participate in cryptocurrency trading business, but will still not engage in custody

ChainCatcher news, according to market news, the head of digital asset markets at JPMorgan has confirmed that the bank plans to enter the cryptocurrency trading business, but there are currently no plans to launch custody services. He stated that the company is instead exploring partnerships with third-party custodians to support its growing digital asset business.

JPMorgan acknowledges that through new business integration, Bitcoin and related cryptocurrencies will significantly expand its market coverage.