In a significant shift, JPMorgan Chase will now allow clients to buy Bitcoin, even as CEO Jamie Dimon remains skeptical.
Speaking at the bank’s annual investor day, Dimon said, “We are going to allow you to buy it. We’re not going to custody it. We’re going to put it in statements for clients.”
This move is noteworthy for the leading US bank, given Dimon’s critical stance on cryptocurrencies. It represents another step in Bitcoin’s integration into mainstream finance, similar to Morgan Stanley’s decision to offer Bitcoin ETFs to some clients.
Despite endorsing client access, Dimon continues to express concerns about Bitcoin, citing issues related to money laundering, ownership clarity, and criminal associations.
The bank is reportedly looking into Bitcoin ETFs, although it has, until now, focused on futures-based crypto offerings.
