JPMorgan Chase is exploring the launch of cryptocurrency trading services for its institutional clients, according to a report by Reuters, citing Bloomberg News.
The move would represent a further expansion of the largest US bank’s involvement in digital assets, as demand from professional investors continues to grow. Reuters reported that the discussions are at an early stage and no final decision has been taken.
According to the report, JPMorgan is considering allowing institutional clients to trade crypto assets directly, rather than limiting exposure to derivatives or exchange-traded products. The bank declined to comment to Bloomberg News on the plans.
JPMorgan Chase has historically taken a cautious approach to cryptocurrencies, even as it has built significant blockchain infrastructure through its Onyx platform and JPM Coin settlement token. Chief executive Jamie Dimon has repeatedly criticised Bitcoin, while acknowledging client interest in digital assets.
The potential expansion comes as major financial institutions reassess crypto strategies amid shifting regulatory expectations in the United States. Reuters noted that a more supportive policy environment has encouraged banks and asset managers to revisit services previously considered too risky.
Other large banks have also increased their exposure. Morgan Stanley has already offered selected crypto products to wealthy clients, while asset managers have seen strong inflows into spot Bitcoin exchange-traded funds.
If implemented, JPMorgan’s move would further signal that cryptocurrencies are becoming embedded within mainstream institutional finance, even as questions around market volatility, custody and compliance remain unresolved.