JPMorgan is exploring crypto trading for institutional clients, Bloomberg News reports

JPMorgan Chase is considering offering cryptocurrency trading to its institutional clients, Bloomberg News reported Monday, underscoring Wall Street banks’ growing participation in the digital asset sector.The largest U.S. bank is assessing what services the marketplace company could offer to expand its footprint in cryptocurrencies, the report said, citing a person familiar with the plans, adding that it could include spot and derivatives trading.

The efforts are at an early stage and concrete plans will depend on whether there is sufficient demand for a specific product, the report said.

JPMorgan did not immediately respond to a Reuters request for comment. ‍Reuters could not independently verify the report.

A possible move would mark another major step in the broader institutional adoption of digital assets under US President Donald Trump, who has pledged to make America the “crypto capital of the world.”

Morgan Stanley will offer cryptocurrency trading on its E*Trade platform from the first half of 2026 through a partnership with digital asset infrastructure provider Zerohash.

Recently, JPMorgan has also been active in the blockchain field. Earlier this month, the bank arranged a short-term bond for Galaxy Digital on the Solana blockchain.

The global cryptocurrency market is currently valued at around $3.1 trillion, with the world’s largest cryptocurrency, bitcoin, worth around $1.8 trillion, according to data from CoinGecko.