JPMorgan Chase Mulling Crypto Collateral for Lending
The post JPMorgan Chase Mulling Crypto Collateral for Lending appeared on BitcoinEthereumNews.com.
Key Notes JPMorgan Chase plans to launch a lending service that accepts clients’ cryptocurrency holdings as collateral. JPMorgan intends to kick off this service by early 2026. This news comes a few days after the GENIUS Act was passed into law. Reputable financial organization JPMorgan Chase plans to launch a lending service that will accept clients’ cryptocurrency holdings as collateral. According to a recently published Financial Times report, the service is still under consideration, with a potential debut in 2026. JPMorgan Shifts Bitcoin Stance Amid Improved Ecosystem Jamie Dimon’s JPMorgan is making attempts to expand its crypto reach. On July 22, FT reported that JPMorgan Chase is exploring the possibility of offering crypto‐secured loans to its customers. For a more comprehensive perspective, these clients would likely use their crypto holdings, such as Bitcoin BTC $118 307 24h volatility: 0.4% Market cap: $2.35 T Vol. 24h: $42.03 B and Ethereum ETH $3 758 24h volatility: 3.2% Market cap: $453.33 B Vol. 24h: $54.52 B , as well as possibly memecoins, as collateral to secure loans from the bank. Although still under consideration, JPMorgan plans to launch this service by early next year. Notably, Dimon used to be quite skeptical about BTC in the past, constantly highlighting its uncertain use cases and involvement in illicit activities. However, there has been some flexibility in his stance over the years. At one time, he drew parallels between buying Bitcoin and personal freedom. “I don’t know what the Bitcoin itself is for, but I defend your right to smoke a cigarette, I’ll defend your right to buy a Bitcoin. I won’t personally ever buy a Bitcoin,” Dimon said. Then again, he acknowledged JPMorgan’s interest in facilitating client access to the flagship cryptocurrency in May. He made sure to clarify that the bank had no plan…
