JPMorgan to Explore Cryptocurrency Trading, No Immediate Custody Plans

According to PANews, JPMorgan's head of digital asset markets has confirmed the bank's intention to enter the cryptocurrency trading sector. However, there are no immediate plans to launch custody services. Instead, the company is considering partnerships with third-party custodians to support its expanding digital asset operations. JPMorgan acknowledges that integrating new business strategies will significantly enhance the market reach of Bitcoin and related cryptocurrencies.