JPMorgan considers starting Bitcoin futures trading
According to the news of the Wall Street Journal, JPMorgan Chase is considering providing access to Bitcoin futures, which CME, the world’s largest futures exchange, will launch on December 11 through its futures trading platform. The following words were written by a source:
“JPMorgan is considering accessing CME’s new Bitcoin product through its futures brokerage unit.”
On behalf of its clients if JPMorgan does so He will be able to buy and sell Bitcoin through CME.
Oh Jamie…
The news is quite ironic. Jamie Dimon, CEO of JPMorgan, has said that Bitcoin is a “fraud” and those who invest in it are “stupid”. Dimon added that if anyone caught investing in Bitcoin at his company, he would fire him.
Bitcoin futures, which are scheduled to start on December 11, will pave the way for more institutional money to be invested in Bitcoin.