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JPMorgan supports crypto exchanges
JPMorgan supports crypto exchanges
Crypto

JPMorgan supports crypto exchanges

By Alfredo de Candia - 12 May 2020

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As learned from the Wall Street Journal, the famous US bank JP Morgan will provide support for two crypto exchanges.

The first exchanges to be able to take advantage of this openness are the giants of the sector, namely Coinbase, as well as the Gemini exchange of the Winklevoss brothers.

The opening was dictated by the approach of users who, according to JP Morgan, have become increasingly familiar with this type of tools and products, so the company has thought well to meet their needs.

As of last month, the accounts for these crypto exchanges were approved by JP Morgan, so users of these platforms will now be able to start experimenting with the new possibilities offered by this partnership, such as wire transfer or withdrawal and deposit via the ACH (Automated Clearing House) network.

The latest news about Coinbase and Gemini

Super positive news for Coinbase, which has also recently added new assets for its custody service aimed primarily at institutional investors and now, with this system, will be able to offer an even easier way to access the crypto world.

For its part, Gemini is continuing its breakthrough in the NFT (Non-Fungible Token) sector and recently announced support for BAT (Basic Attention Token) from Brave’s browser.

Surely this new openness on the part of JP Morgan also gives hope for a possible opening of other giants in the industry and thus bridge the gap between the two worlds and facilitate the purchase of crypto through bank accounts.

Recently, among other things, JP Morgan has also posted a new job position in the blockchain world to find a technician who can manage distributed ledgers.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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