JPMorgan to Enable Bitcoin Purchases for Clients

The financial conglomerate JPMorgan will soon allow clients to purchase the leading cryptocurrency, though it will not act as its custodian. This was stated by the bank’s CEO, Jamie Dimon, according to CoinDesk.

The Bitcoin skeptic has not changed his stance. The top executive emphasized that he remains not a “fan” of digital gold, as the asset “is used in illegal activities.”

“We have been talking about blockchain for 12-15 years. We spend too much on it. It is not as important as you all think,” he commented.

In May, JPMorgan’s digital payment platform Kinexys conducted settlements using the DvP scheme with a tokenized money market fund on the Ondo Chain test network. This was made possible by Chainlink’s CCIP technology.

Back in September 2024, Dimon described the institution as one of the largest users of blockchain.

Earlier, the top executive questioned the 21 million coin issuance limit of Bitcoin. In December 2023, at a meeting with U.S. lawmakers, Dimon called for the implementation of serious restrictions on cryptocurrencies, urging their “closure.”