JPMorgan to Allow Clients to Pledge Bitcoin and Ether as Collateral: Bloomberg
Investment banking giant JPMorgan Chase plans to let institutional clients use their bitcoin BTC$111,233.88 and ether ETH$3,961.83 holdings as collateral for loans by year-end, according to a report by Bloomberg. The tokens pledged under the global program will be safeguarded by a third-party custodian and extends JPMorgan’s earlier move to accept crypto-linked ETFs as loan…