JPMorgan will now be offering Bitcoin to its retail clients, expanding the product it has been offering its ultra-wealthy clients.
The bank is the first in the U.S to do so and with the new product, Bitcoin has a new $630 billion market to exploit.
JPMorgan has made cryptocurrency history by becoming the first bank in the U.S to offer Bitcoin to retail clients. As per a new report, the bank will be expanding a product it has been offering its ultra-wealthy clients and with this, it opens up Bitcoin to a new $630 billion market.
The decision to expand its Bitcoin products was made earlier this week, Business Insider reveals. Citing sources inside the bank, the publication revealed that the New York-based bank sent a memo to its financial advisors telling them to accept buy and sell orders from its wealth management clients for five crypto products.
Of the five products, four are offered by crypto giant Grayscale. These are its Bitcoin Trust, its Bitcoin Cash Trust, its Ethereum Trust
