JPMorgan Prepares for Crypto Trading Expansion, Delays Custody Plans

JPMorgan Chase is expanding its involvement in the digital asset market, developing new cryptocurrency trading services according to Scott Lucas, global head of markets and digital assets. However, the bank is currently not planning to offer direct crypto custody services, as Lucas clarified during an interview on CNBC’s Squawk Box Europe. Instead, the bank will focus on providing trading services in the short term.