In the midst of the current buzz surrounding institutional interest in cryptocurrencies, two prominent global investment banks, Charles Schwab and JP Morgan, have shared their perspective on the matter. Both banks have recognized the growing popularity and potential of digital assets, but they approach the subject with caution.
Charles Schwab, a well-known brokerage firm, is closely monitoring the crypto space but has no immediate plans to offer cryptocurrency trading to its clients. The company believes that more regulatory clarity and a better understanding of the market dynamics are necessary before taking any further steps.
JP Morgan, on the other hand, has acknowledged the demand for cryptocurrencies among its customers, particularly Bitcoin. The bank recently launched its own cryptocurrency trading platform, JPM Coin, which allows institutional clients to make instant payments using blockchain technology.
Overall, while Charles Schwab maintains a watchful stance and awaits further developments, JP Morgan has embraced the potential of cryptocurrencies and taken steps to offer innovative solutions to its clients.
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