Large US investment bank JPMorgan is said to allow advisers to execute crypto trades for more of its clients.
According to a report released Thursday by Business Insider, JPMorgan retail clients to have access to cryptocurrency funds. A person directly familiar with the shift from banking to digital investments said that all of JPMorgan’s clients seeking investment advice, including those managed by financial advisers, retail investors using the trading app and Customers served by the private bank would be offered the opportunity to invest in crypto. .
JPMorgan customers would now have access to Grayscale Investments Bitcoin Trust (GBTC), Bitcoin Cash Trust (BCHG), Ethereum Trust (ETHE) and Ethereum Classic Trust (ETCG), as well as Osprey Funds OTC Bitcoin Trust, OBTC. Investors could ask advisors to execute crypto trades, but bank advisers might not be allowed to recommend crypto investments.
This story is developing and will be updated.