Wall Street Giant JPMorgan To Let Clients Borrow Money Against Their Bitcoin And Ethereum Holdings

American banking behemoth JPMorgan Chase is reportedly exploring a major expansion into crypto-backed lending and is mulling offering loans directly secured by clients’ crypto holdings, marking a major U-turn for the bank, whose CEO once dismissed Bitcoin as a “fraud.” Crypto-Backed Loans The Financial Times reported on Tuesday, citing anonymous individuals privy to the matter,

Source: ZyCrypto