JPMorgan: 72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’
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A new survey by JPMorgan Chase shows that 72% of institutional traders “have no plans to trade crypto” while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect “recession risk” to have the biggest impact on markets in 2023. JPMorgan’s Institutional Trader Survey Global investment bank JPMorgan Chase published the results of its annual “e-Trading Edit” survey on Thursday. Conducted in January, the survey provides “insight into predictions for the year ahead,” the bank said, adding that 835 institutional traders in 60 global locations participated in the survey. The survey asked institutional traders about their plans to
Key Highlights JPMorgan may offer crypto trading for institutional clients, including spot and derivatives in early-stage plans. Any move depends on demand from hedge funds, asset managers, and other large institutional investors. The GENIUS Act provides regulatory clarity for banks offering stablecoin and crypto services. JPMorgan Chase, one of the…
JPMorgan Chase, a prominent banking platform, has recently carried out its earliest tokenized transfer. As per the report, JPMorgan Chase has effectively accomplished the pioneer tokenized treasury transfer thereof on an open blockchain by using Chainlink and Ondo Finance. This move reportedly denotes a landmark achievement in the current blockchain…
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