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💼 JPMorgan Chase Eyes Crypto-Collateralized Loans Reports

syedaseema00

Updated at: 8 hours ago

{"content":"💼 JPMorgan Chase Eyes Crypto-Collateralized Loans Reports suggest JPMorgan Chase is considering letting customers borrow cash using Bitcoin and Ethereum as collateral — a major pivot for the banking giant. CEO Jamie Dimon, once a fierce critic who called Bitcoin a “pet rock,” softened his stance in 2024, stating people should have the right to invest in it — even if he wouldn’t personally recommend it. Key details: • Likely partnership with a third-party custodian to manage crypto assets in case of defaults. • Move comes as institutional demand for crypto grows and integrated financial products gain traction. • Meanwhile, JPMorgan is cracking down on fintechs like PayPal, Venmo, and Coinbase, now charging them for access to customer banking data that was once free. This could mark the beginning of a new era for crypto in traditional banking. 👉 Follow us for the latest updates! #JPMorgan #CryptoNews #Bitcoin #Ethereum #bitinsider $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/23/257c7ea2f8b47857c25c937204ba503c.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}

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