Dec 22 (Reuters) - JPMorgan Chase (JPM.N), is considering offering cryptocurrency trading to its institutional clients, Bloomberg News reported on Monday, underscoring Wall Street banks' growing participation in the digital assets sector.
The largest U.S. bank is assessing what services the markets business 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 in early stages and concrete plans will depend on whether there is enough demand for any specific product, the report said.
JPMorgan did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
A potential move would mark another significant step in the broader institutional adoption of digital assets under U.S. President Donald Trump, who has pledged to make America the "crypto capital of the world."
Morgan Stanley (MS.N), will offer cryptocurrency trading on its E*Trade platform from the first half of 2026 through a partnership with Zerohash, an infrastructure provider for digital assets.
Recently, JPMorgan has also been active in the blockchain space. Earlier this month, the bank arranged a short-term bond for Galaxy Digital (GLXY.O), on the Solana blockchain.
The global cryptocurrency market is currently valued at around $3.1 trillion, with the world's largest cryptocurrency, bitcoin, accounting for about $1.8 trillion, according to data from CoinGecko.
Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar
