Bitcoin About-Face: JPMorgan Opens Crypto Trading To All Clients


In an ironic twist given CEO Jamie Dimon’s well-established distrust of the industry, JPM JPM -0.2%organ has reportedly become the first major US bank to provide all wealth-management clients with access to bitcoin and other cryptocurrency funds.

Advisors in JPMorgan’s $630 billion wealth management division can now accept orders to buy and sell five crypto products including Grayscale’s Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, Ethereum Classic products, and Osprey Funds’ Bitcoin Trust. The policy change became effective on July 19, according to an internal memo obtained by Business Insider.

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