JPMorgan Plans to Accept Bitcoin, Ether as Loan Collateral for Institutional Clients by Year End
JPMorgan Chase & Co. plans to let institutional clients use Bitcoin and Ether holdings as collateral for loans by the end of the year. The initiative will be available globally and will use a third-party custodian to secure the digital assets, Bloomberg reported. The bank has previously accepted crypto-linked ETFs as collateral. Banks Expand Crypto…