JPMorgan Offers Bitcoin Purchases, But Excludes Custody Services

JPMorgan Chase is making a move into the world of Bitcoin, but with key distinctions. Clients can now purchase Bitcoin directly through the bank, however, they will have to look elsewhere for safekeeping and storage. This decision, driven by client demand, signals growing institutional acceptance of cryptocurrency and reflects JPMorgan’s strategic approach to managing risk associated with digital assets. The bank has opted for a clear separation between buying and custody services, potentially setting off new waves in the market as other financial institutions consider similar strategies.