JPMorgan Embraces Crypto, Accepting Bitcoin and Ethereum as Collateral for Institutional Clients

JPMorgan Chase, a leading US banking institution, has announced a groundbreaking initiative that will allow institutional investors to use Bitcoin and Ethereum as collateral. This move marks a significant step towards mainstream adoption of cryptocurrencies in traditional finance. According to the bank’s announcement, this innovation stems from their ongoing effort to integrate cryptocurrencies into financial systems.