JPMorgan will let trading and wealth clients use crypto-linked assets as collateral for loans

JPMorgan will start letting its trading and wealth clients borrow cash using crypto-related assets as collateral, according to Bloomberg. The plan kicks off in the next few weeks, starting with loans backed by BlackRock’s iShares Bitcoin Trust. The bank will also start counting crypto assets in some clients’ net worth calculations, putting Bitcoin and other […] source: https://www.cryptopolitan.com/jpmorgan-crypto-assets-collateral-for-loans/