JPMorgan Becomes The First Big Bank To Give Retail Clients Access To Bitcoin
JPMorgan will reportedly give retail clients access to bitcoin investment vehicles starting on July 19, a first in U.S. big bankingJPMorgan just became the first U.S. big bank to give retail clients access to Bitcoin exposure, effective July 19, reported Business Insider. Contrary to other prominent banks, JPMorgan will reportedly not limit access to only ultrawealthy clients.A person familiar with the move told Business Insider that "it applies to all JPMorgan clients seeking investment advice, including the bank's self-directed clients using its commission-free Chase trading app."....
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Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto trading access beyond just ultra-wealthy clients. JPMorgan Now Offers Access to Crypto Funds JPMorgan has given its financial advisors the green light to give all its clients access to cryptocurrency funds, the Insider reported Thursday, citing people directly familiar with the matter. This move....
Advisers at the banking giant are reportedly only allowed to execute crypto trades at the direct request of a client rather than recommending the products themselves. Major U.S. investment bank JPMorgan Chase is reportedly allowing advisers to execute crypto trades for more of its clients.According to a Thursday report from Business Insider, retail wealth clients at JPMorgan now have access to cryptocurrency funds. A person directly familiar with the bank’s move to the digital space said all JPMorgan clients seeking investment advice — including those managed by financial advisers, retail....
Manasquan Bank, a mutual community bank in New Jersey serving residents since 1874, has announced it is partnering with the company Bakkt to give its retail clients the ability to buy, sell and hold cryptocurrency through the bank’s mobile banking application.
Manasquan Bank to Give Customers Access to Crypto
A mutual community bank headquartered in Wall Township, New Jersey will give bank customers the ability to buy, sell and hold cryptocurrencies. Manasquan Bank announced this decision on Tuesday in a press release published by Bakkt Holdings, Inc. (NYSE: BKKT). The....
Global investment bank JPMorgan is now offering six cryptocurrency investment funds to clients despite its CEO, Jamie Dimon, continually advising against investing in bitcoin and other cryptocurrencies. JPMorgan Chase has quietly begun giving its wealth management clients access to six cryptocurrency investment funds, CNBC reported Thursday, citing people with knowledge of the move. On Thursday, the bank’s financial advisors were allowed to begin placing private bank clients into a new bitcoin fund created by crypto firm New York Digital Investment Group (NYDIG), a subsidiary of....
Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher.
What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End
JPMorgan has conducted a survey of its clients about what they expect the price of bitcoin to be by year-end. The global investment bank released the results earlier this week. The survey was conducted between Dec. 13 and Jan. 7 as part of a broader macroeconomic outlook for 2022.....