JPMorgan executive: The bank will participate in cryptocurrency trading business, but will still not provide custody services

According to ChainCatcher, market sources report that the head of JPMorgan's digital asset markets business has confirmed that the bank plans to enter the cryptocurrency trading business. However, there are currently no plans to launch custody services. The company stated that it is instead exploring cooperation with third-party custodians to support its continuously developing digital asset business.

JPMorgan acknowledged that through new business integration, bitcoin and related cryptocurrencies will significantly expand their market coverage.