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JP Morgan Chase will soon allow its customers to trade Bitcoin, marking a significant shift in traditional finance’s stance on crypto. The decision comes from CEO Jamie Dimon, a former Bitcoin critic who now acknowledges client demand. This move aligns with growing institutional interest in digital assets.
- JP Morgan will allow Bitcoin trading but won't custody it, reflecting cautious yet growing institutional adoption.
- CEO Jamie Dimon, a former Bitcoin skeptic, now supports client demand despite personal reservations about crypto.
- Regulatory shifts, like the repeal of SAB 121, are enabling traditional banks to explore crypto services more freely.
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