Leading United States investment bank JPMorgan now reportedly permits advisors to execute crypto trades for more of its clients.
In line with an official announcement on Thursday from Business Insider, retail wealth clients at JPMorgan now have access to cryptocurrency funds. An individual directly known with the bank’s move to digital investments outlined that all JPMorgan clients seeking investment advice, along with those managed by financial advisors, retail investors employing the trading app, and clients serviced by the private bank, would be offered the chance to invest in cryptocurrencies.
JPMorgan clients now reportedly have access to Grayscale Investments’ Bitcoin Trust [GBTC], Bitcoin Cash Trust [BCHG], Ethereum Trust [ETHE], and Ethereum Classic Trust [ETCG], as well as Osprey Funds’ OTC Bitcoin Trust [OBTC]. Investors can reportedly request advisors execute cryptocurrency trades, but the bank’s advisors might not be permitted to recommend crypto investments.