Skip to content
Real Cryptocurrency Hub

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
    • العربية
  • News
    • Mining
    • Bitcoin (BTC)
    • ATM
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • ✉ Contact
  • Home
  • Crypto News
  • Major Finance Firms in the US Dip Their Toes in Cryptocurrencies
  • Crypto News

Major Finance Firms in the US Dip Their Toes in Cryptocurrencies

Blaine Matta June 17, 2021 2 min read
Regulations

Cryptocurrency investments are and always will remain a risky thing to tiptoe into because of the unpredictable market volatility. Despite the risk, the profit potential is just as high as the potential for loss which is the basis of what many people make their investments.

Since it is such an uncertain market and is posing such a dilemma for investors. Leading financial firms in the US are not making any moves in the cryptocurrency market. Instead, they are just observing from the sidelines.

On the other hand, many financial heavyweights are showing an increasing interest in the volatile work of cryptocurrency assets. US heavyweight firm JPMorgan is reported to have said that it will allow investments in bitcoin funds for its wealthier clients. Another major industry named Goldman Sachs developed a team which is dedicated to cryptocurrency trading.

JPMorgan’s chief executive Jamie Dimon says that he would personally advise people to stay away from cryptocurrency investments. However, he further comments that just because he is advising against it, it doesn’t mean that the bank’s clients aren’t interested.

PMorgan is the biggest bank in the US in terms of assets. Dimon reported that the bank is currently working on developing a plan through which it can help its clients invest in cryptocurrencies.

The latest jump in cryptocurrency prices at the end of 2020 and the start of 2021 brought forward an influx of people interested in investing in cryptocurrencies. Previously, this was an area where the most prominent investors were computer geeks.

A major name in the US financial market, State Street, announced that it is working on creating a digital finance division on Thursday. On Wednesday, a vow was made by the head of Interactive Brokers, an online trading firm. They vowed that they will set up the online cryptocurrency trading option on their platform by the end of this year’s summer.

At the moment, Interactive Brokers does not provide bitcoin trading to its customers via its platform. Which is similar to the conditions that its rivals Charles Schwab and Fidelity offer. However, the trading firm does allow its clients to invest in other cryptocurrencies or bitcoin futures.

The interest of US financial heavyweights can potentially make cryptocurrency investments expand to a wider range of investors.

Post Views: 663

Continue Reading

Previous: Bitcoin Lover Jack Dorsey Again Hints On Integrating “Lightning Network” In Twitter
Next: ‘Millionaire’ Whales Guzzle Up 90,000 BTC over the Last 25 Days

Related Stories

Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)
  • Solana (SOL)

Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

August 6, 2022
Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)

Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

August 5, 2022
Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto News

Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

August 4, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,584.00
0.50%
ethereum
Ethereum (ETH)
$1,990.81
0.27%
tether
Tether (USDT)
$1.00
-0.05%
usd-coin
USD Coin (USDC)
$1.00
-0.04%
binancecoin
BNB (BNB)
$327.31
-1.15%
cardano
Cardano (ADA)
$0.58
3.91%
ripple
XRP (XRP)
$0.386814
1.66%
polkadot
Polkadot (DOT)
$9.36
-1.41%
dogecoin
Dogecoin (DOGE)
$0.078367
7.13%
Uniswap
Uniswap (UNI)
$9.23
2.55%

Recent Posts

  • JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review – a Recommended Crypto Broker

    JP Crypto Review Suppose you are interested in trading cryptocurrencies but are hesitant to do so due to
  • Alfabtc Review – A Recommended Cryptocurrency Broker

    Alfabtc Review – A Recommended Cryptocurrency Broker

     Alfabtc Review Alfabtc is a competent brokerage firm known for its fast and efficient execution of trade. The
  • Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

    Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

    Cosmos (ATOM) A look at the data for Cosmos (ATOM) shows that on Thursday, it was trading at
  • Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

    Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

    On Thursday, Hotbit made a concerning announcement for the entire customer base. The cryptocurrency exchange notified the users
  • Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

    Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

    Argo Blockchain has been selling Bitcoin (BTC) that belongs to the blockchain’s holdings. The reason behind selling Bitcoin

Start Trading

Categories

Top Posts

  • Bitcoin’s Weekly Round-Up – BTC Adoption, Miners Exit Continues

    Bitcoin’s Weekly Round-Up – BTC Adoption, Miners Exit Continues

    Briefly – BTC struggles to gather enough momentum to retest the $40K crucial psychological level. Bitcoin adoption continues
  • IBC Exchange Review – Is IBC Exchange Scam or Legit?

    IBC Exchange Review – Is IBC Exchange Scam or Legit?

    IBC Exchange Review If you are here then it means that you are planning to become part of
  • Binance Coin (BNB) Coils Up Before 20% Rally – Price Analysis

    Binance Coin (BNB) Coils Up Before 20% Rally – Price Analysis

    BNB has consolidated for nearly ten days, suggesting a potentially massive move. A breakout may trigger an 18%
  • VIMEE – A Peer-to-Peer Internet Currency for Fast, Secure Digital Transactions

    VIMEE – A Peer-to-Peer Internet Currency for Fast, Secure Digital Transactions

    Are you on the lookout for a digital currency that is more advanced for your crypto ventures, VIMEE
  • Hawaii Still Lacking Basic Crypto Regulation That Has Now Become Standard

    Hawaii Still Lacking Basic Crypto Regulation That Has Now Become Standard

    The US senate has recently passed a bill that would allow the government to collect taxes on crypto

Archives

You may have missed

JP Crypto Review – a Recommended Crypto Broker
3 min read
  • Brokers
  • Reviews

JP Crypto Review – a Recommended Crypto Broker

August 12, 2022
Alfabtc Review – A Recommended Cryptocurrency Broker
3 min read
  • Brokers
  • Reviews

Alfabtc Review – A Recommended Cryptocurrency Broker

August 10, 2022
Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)
  • Solana (SOL)

Cosmos And Solana Experience Strong Gains While Cosmos Hits Highest Point Since May

August 6, 2022
Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)

Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

August 5, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • CTmatador
  • DXCBIT
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Virtual Payout
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • ArgoTrade
  • Global Solution
  • CTProz
  • Alfabtc
  • JP Crypto
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$24,584.000.50%
  • ethereumEthereum(ETH)$1,990.810.27%
  • tetherTether(USDT)$1.00-0.05%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • binancecoinBNB(BNB)$327.31-1.15%
  • cardanoCardano(ADA)$0.583.91%
  • rippleXRP(XRP)$0.3868141.66%
  • SolanaSolana(SOL)$46.73-0.41%
  • polkadotPolkadot(DOT)$9.36-1.41%
  • dogecoinDogecoin(DOGE)$0.0783677.13%
  • UniswapUniswap(UNI)$9.232.55%
  • bitcoin-cashBitcoin Cash(BCH)$145.420.08%