JPMorgan Enables Bitcoin Purchases for Clients in 2025: No Custody Services Offered

JPMorgan Chase has announced that it will allow clients to purchase Bitcoin starting in 2025, though the bank won’t offer custody services. This move highlights a shift within traditional finance as Bitcoin adoption grows among high-net-worth individuals and institutions. While CEO Jamie Dimon remains skeptical of the cryptocurrency’s long-term potential, he confirmed this decision. JPMorgan will simply list Bitcoin purchases on client statements, with no actual storage or trading provided. The bank also cites regulatory factors for not offering custody services.