JPMorgan to Allow Bitcoin and Ethereum as Collateral for Loans

As cryptocurrency regulations become clearer in the post-Trump era, major financial institutions are embracing digital assets for lending operations. JPMorgan Chase, one of the world’s largest investment banks, is leading this trend by planning to allow institutional clients to use Bitcoin and Ethereum holdings as collateral for loans by the end of the year. The bank will work with independent custodians to safeguard the crypto assets pledged for loans.