JP Morgan COO Daniel Pinto during a recent interview with CNBC said that they are open to offering bitcoin trading via their platform once the client demand soars. Pinto’s comments came in the wake of BNY Mellon, America’s oldest bank announcing the start of bitcoin service citing growing clients demand.
“If over time an asset class develops that is going to be used by different asset managers and investors, we will have to be involved. The demand isn’t there yet, but I’m sure it will be at some point.”
JP Morgan is one of the leading banking giants in the US who reportedly held a town hall meeting with thousands of traders and merchants where the firm’s client asked the banking giant about introducing bitcoin. Pinto explained,
“There was a semi-annual town hall meeting last month where $JPM had to grapple with demand coming within from their own trader’s people who are looking at charts of #btc truly salivating at the volatility and the surge of this.”
This story is being updated
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Source: JP Morgan Says It Would Offer Bitcoin if Client Demand Soars