JPMorgan Leans Into Cryptocurrency: Loans Now Use Bitcoin and Ethereum

Despite past skepticism, JPMorgan is making concrete steps to embrace cryptocurrency. The bank has implemented a policy change, allowing institutional clients to use Bitcoin and Ethereum as collateral for loans. This shift reflects the growing acceptance of cryptocurrencies in the financial industry, driven by increased interest from institutions. It also aligns with broader trends where traditional banks are carefully examining the potential of digital assets.