JPMorgan Chase & Co., a financial institution managing $4 trillion in assets and serving 90 million customers, has announced that it will allow its clients to purchase Bitcoin. CEO Jamie Dimon, who has stated he is not a fan of the cryptocurrency, clarified that while the bank will not custody Bitcoin, it will facilitate its customers’ ability to buy it.
Dimon likened the bank’s stance to defending the right to buy the cryptocurrency, despite his personal reservations. This policy marks a shift from earlier statements where Dimon had threatened to fire employees involved in trading Bitcoin.
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Source: https://thedefiant.io/news/tradfi-and-fintech/jpmorgan-s-jamie-dimon-allows-90-million-customers-to-buy-bitcoin-no-custody-4-11a6e764