JPMorgan Opens Doors for Bitcoin and Ethereum Collateral Loans

After previously dismissing the cryptocurrency market, JPMorgan Chase & Co., led by Jamie Dimon, is taking a significant shift in its stance. The financial giant is reportedly offering institutional clients the possibility to secure loans using Bitcoin and Ethereum as collateral. This program will be offered globally and will leverage a third-party custodian for asset protection. 2026 rumors about JPMorgan launching this program had been met with skepticism due to Dimon’s past criticism of the industry. However, in recent years, his view on crypto has softened following Trump’s election and regulatory changes in the US.