The relationship between traditional banking and cryptocurrencies is evolving as more global financial institutions embrace blockchain technology and digital assets.
JPMorgan Chase has introduced JPM Coin for institutional payments and offers crypto-friendly banking services to its clients. Its blockchain division, Onyx, is running pilot programmes for real-time transactions. Goldman Sachs has launched a crypto trading desk for Bitcoin and Ethereum, while Morgan Stanley provides its wealth management clients with access to Bitcoin funds.
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Citi plans to launch a cryptocurrency custody service by 2026, and Bank of America has already set up crypto trading desks. Other major institutions—includi