Industry heavyhitter JP Morgan to provide banking services to Crypto Exchanges like Gemini and Coinbase

Industry heavyhitter JP Morgan to provide banking services to Crypto Exchanges like Gemini and Coinbase

Industry heavyhitter JP Morgan to provide banking services to Crypto Exchanges like Gemini and Coinbase

The largest bank in the United States, JP Morgan, has allegedly taken on Crypto Exchanges Gemini and Coinbase as clients, and will provide banking services to them. Worth noting is that although JP Morgan Chief Exec Jamie Dimon is a noted critic of bitcoin, both Coinbase and Gemini are regulated entities and JP Morgan will not be processing Bitcoin or other Cryptocurrencies for the two exchanges, but will provide cash management services and dollar based transactions for US based clients.

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