JPMorgan Plans to Accept Bitcoin and Ethereum as Collateral for Loans
JPMorgan Chase & Co. (NYSE:JPM) recently noted that it will be allowing institutional customers to use their Bitcoin (BTC) and Ethereum (ETH) as a form of collateral for loans, marking a significant shift in how Wall Street’s largest banking institutions leverages digital assets as part of its core lending strategy. This, according to a report from Bloomberg.The recently announced initiative, expected to be rolled out by the end of 2025, will allow customers pledge Bitcoin and Ethereum for obtaining secured ...