JPMorgan Plans Cryptocurrency Trading for Clients, While Custody Remains Off-Table

JPMorgan Chase is preparing to delve deeper into the world of cryptocurrencies, with plans to offer trading services. Scott Lucas, global head of markets and digital assets at JPMorgan, revealed these intentions in an interview on CNBC’s Squawk Box Europe. While the bank intends to participate in cryptocurrency trading activities, custodying crypto directly is currently not a focus for immediate implementation.