Jamie Dimon’s JPMorgan Embraces Crypto: BTC and ETH to Be Used as Collateral (Report)

After years of bashing and criticizing bitcoin and the rest of the cryptocurrency market, Jamie Dimon’s JPMorgan Chase & ￰0￱ a lot more positive toward the industry, and the latest push will reportedly allow institutional clients to use BTC and ETH as collateral for ￰1￱ Bloomberg report indicated that the crypto-related program will be offered globally and will rely on a third-party custodian to safeguard the ￰2￱ that such speculations first emerged earlier this summer when the Financial Times revealed the initiative could launch in 2026. However, those rumors were met with significant doubt, given Dimon’s previous stance against the ￰3￱ CEO has a rich history of criticising the largest cryptocurrency by market ￰4￱ of his most colorful categorizations include calling bitcoin a “decentralized Ponzi scheme” and alleging that only criminals use it.

However, his stance softened in the past few years, especially since Donald Trump’s presidential election victory in late 2024 and the subsequent regulatory change in the ￰5￱ he remained a skeptic, Dimon said he would defend people’s right to buy ￰6￱ is far from the first giant US banking institution to join the cryptocurrency ￰7￱ Stanley and BNY Mellon have been active participants for a long time, while other former naysayers like Standard Chartered have gradually changed their public views as well in recent years.