JPMorgan Chase & Co. is weighing whether to help clients bet on the price of bitcoin via the CME Group's proposed futures contracts, according to a person with knowledge of the situation. The largest U.S. bank is gauging client demand and the potential risks of facilitating their trades, the person said this week, asking not to be identified.

Topics:  jpmorgan chase    co   u.s    chicago-based cme group   bitcoin   wall street   cme group   weigh   clients   person   
BING NEWS:
  • Prepare for bitcoin to fall after the long-awaited halving, JPMorgan says
    The long-awaited bitcoin halving bell is here, but don't bet on more rapid gains just yet — JPMorgan says the price of the world's largest crypto could tumble shortly after the event.
    04/19/2024 - 7:01 am | View Link
  • JPMorgan Joins Goldman Sachs In Serious Bitcoin Halving Price Warning
    appearing to be in "overbought conditions," according to an analysis of open interest in bitcoin futures, and a lack of crypto venture capital funding so far this year. "The technical picture for ...
    04/18/2024 - 8:52 am | View Link
  • Bitcoin Halving Seen Mostly Priced In by JPMorgan, Deutsche Bank
    With just a day or so to go, JPMorgan Chase & Co and Deutsche Bank AG say that the once-every-four-years Bitcoin software update called the “halving” that has long been touted as one of the ...
    04/18/2024 - 6:34 am | View Link
  • Bitcoin Likely to Drop After the Halving, JPMorgan Says
    according to its analysis of open interest in bitcoin futures. Furthermore, the cryptocurrency price of about $61,200 is still above the bank’s volatility-adjusted comparison with gold ...
    04/18/2024 - 5:33 am | View Link
  • Bitcoin Price May Drop After Halving Despite Miner Shakeup: JPMorgan
    Overbought Market And High Valuation JPMorgan’s analysis of open interest in Bitcoin futures suggests the market is currently “overbought,” indicating potential overvaluation. Furthermore ...
    04/17/2024 - 10:21 pm | View Link
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