Based on Jinse, JPMorgan is reportedly evaluating the possibility of offering crypto trading services to institutional clients, potentially including spot and derivative products. Meanwhile, Japanese Bitcoin custodian Metaplanet has approved a capital structure overhaul, authorizing the issuance of dividend-paying preferred shares to raise funds from institutional investors. The company holds approximately 30,823 BTC, valued at $2.75 billion, and plans to list ADRs in the U.S. over-the-counter market.
JPMorgan Eyes Institutional Crypto Trading, Metaplanet Approves Dividend Preferred Shares
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Summary
JPMorgan is reportedly considering launching crypto trading services for institutional clients, potentially covering spot and derivative products. Trading volume in institutional markets has surged amid rising demand. Meanwhile, Metaplanet, a Japanese Bitcoin custodian, approved the issuance of dividend-paying preferred shares to attract institutional capital. The firm holds 30,823 BTC, valued at $2.75 billion, and plans a U.S. ADR listing. Altcoins to watch may gain traction as institutional interest expands.
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