JPMorgan is looking to scale up its blockchain and crypto exposure and is now developing plans to offer cryptocurrency trading services, according to a company executive.
JPMorgan’s global head of markets and digital assets, Scott Lucas, was asked if the banking giant would follow competitors such as Citibank into custodying crypto for its clients.
In response, Lucas explained that it’s not on the “horizon near-term” for the bank, but emphasized that it is looking to offer crypto trading services.
Lucas said JPMorgan is currently exploring what “the right custodians” would look like for the firm.
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