🚨 Big news! JPMorgan might start offering "crypto loans" next year.
In simple terms, you can use $BTC and $ETH as collateral to borrow cash without having to sell your coins.
What does this mean?
✅ You don't have to rush to sell your coins, cash flow becomes more flexible, and the pressure is significantly reduced.
✅ Traditional big banks are genuinely starting to accept crypto assets, which feels much more reliable.
✅ Once this service is launched, it will likely attract more big clients, making the crypto market even more lively.
But don't forget, with loans, there are still risks, and you need to pay attention to market fluctuations.
Overall, I think this is quite positive for the crypto community, as it allows everyone to engage with more peace of mind.
#Bitcoin #Ethereum #crypto assets
🚨 JUST IN: JPMorgan considers offering loans backed by crypto such as Bitcoin and Ethereum holdings, potentially starting next year per FT.
7.31K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.