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🔥 Day 8 Hot Topic: XRP ETF Goes Live
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JPMorgan Chase has launched a cryptocurrency asset lending business, with BlackRock's BIT as the preferred collateral.
Gate News bot message, JPMorgan ( is launching a new loan service that will accept specific crypto assets as loan collateral.
The first phase will accept BlackRock's spot Bitcoin ETF IBIT as collateral and plans to expand the range of collateral to other Bitcoin spot ETF products in the future.
JPMorgan also announced that when assessing clients' net worth, crypto assets will be included in the available asset range along with stocks, cars, and artworks. This shows that as the Trump administration relaxes regulations, Wall Street institutions are accelerating their layout in the crypto market.
Source: Bloomberg