JPMorgan considers offering loans backed by clients' cryptocurrency holdings, FT reports


FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/ File Photo

(Reuters) -JPMorgan Chase is exploring plans to lend against clients' cryptocurrency holdings, the Financial Times reported on Tuesday, citing people familiar with the matter.

Reuters could not immediately confirm the report.

(Reporting by Bipasha Dey in Bengaluru; Editing by Mrigank Dhaniwala)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Exclusive-Tesla board made $3 billion via stock awards that dwarfed tech peers
Electricity is now holding back growth across the global economy
North Korean leader's sister sports Chinese foldable phone
STMicro has shipped 5 billion chips for Starlink in past decade; that could double by 2027
Tech support scammers stole US$85,000 from him. His bank declined to refund him.
Analysis-Old meets new economy: AI boom to supercharge European banks' rally
Humanoid robots take center stage at Silicon Valley summit, but scepticism remains
Asahi CEO mulls new cybersecurity unit as disruption drags on
China's smaller manufacturers look to catch the automation wave
From Zelda to Civ VI: understanding game complexity

Others Also Read