- JPMorgan is assessing institutional demand for spot and derivatives crypto trading, though no final decision has been made.
- The move would expand JPMorgan’s crypto role beyond collateral, payments and tokenization into direct trading services.
- Improving U.S. regulation and client demand are pushing major banks to add regulated crypto trading options.
JPMorgan Chase is considering offering cryptocurrency trading to institutional clients in the United States. The review involves JPMorgan’s markets division and includes potential spot and derivatives products. The move follows earlier digital asset steps, including accepting Bitcoin and Ether as loan collateral and reflects rising client demand under shifting U.S. regulation.
JPMorgan Reviews Scope of Crypto Trading Products
JPMorgan is assessing whether institutional clients want direct crypto trading access. The internal review remains private and has not produced a final decision. However, the bank is evaluating both spot trading and crypto-linked derivatives.
The process depends on client interest, risk controls, and long-term revenue prospects. Notably, JPMorgan has not committed to launching any specific product. A bank representative declined to comment on the report.
This review would expand JPMorgan’s crypto involvement beyond payments, settlement, and tokenization initiatives. Previously, the bank allowed Bitcoin and Ether as collateral for certain loans. That step kept trading risk off JPMorgan’s balance sheet.
Institutional Demand Shapes the Review
Large investors increasingly seek regulated venues for digital asset trading. However, many avoid retail-focused exchanges due to custody, compliance, and execution concerns. As a result, institutions prefer platforms integrated with existing risk and reporting systems.
Coinbase Prime currently leads U.S. institutional crypto trading. However, Bullish, Kraken Institutional, Fidelity Digital Assets, and Galaxy Digital also compete. JPMorgan’s potential entry would add a major bank-led option.
Meanwhile, regulatory signals have improved confidence. A U.S. crypto bill is expected to pass soon, according to the report. That progress has encouraged institutions despite volatile prices.
Broader Banking Activity in Digital Assets
JPMorgan’s review aligns with broader bank activity. Standard Chartered launched spot Bitcoin and Ether trading for institutions earlier this year. Morgan Stanley plans crypto trading through E*Trade starting in 2026.
Additionally, BNY Mellon launched a money market fund supporting stablecoin reserves. JPMorgan also expanded blockchain usage through its Kinexys platform. Recently, it launched a tokenized money market fund on Ethereum with $100 million.
These steps show how banks continue building crypto services within regulated frameworks, notably as institutional demand persists.
