As reported by the Wall Street Journal, the famous US bank JP Morgan will provide support for two cryptocurrency exchanges.
The first exchanges to take advantage of this opening are the giants of the sector, namely Coinbaseas well as the exchange of Gemini of the Winklevoss brothers.
The opening was dictated by the approach of users who, according to JP Morgan, have become increasingly familiar with this type of tools and products, so the company has thought well about meeting their needs.
Starting last month, JP Morgan approved the accounts for these cryptocurrency exchanges, so users of these platforms will now be able to start experimenting with the new possibilities offered by this association, such as bank transfer or withdrawal and deposit through ACH (Automated Exchange Network).
Latest news on Coinbase and Gemini
There has recently been positive news for Coinbase, which has also recently added new assets to its escrow service aimed primarily at institutional investors, and now, with this system, it will be able to offer an even easier way to access the world of cryptocurrencies.
For its part, Gemini continues its advancement in the NFT (Non-fungible Token) of the sector and recently announced support for BAT (Basic Attention Token) the Brave browser token.
Surely, this new opening by JP Morgan also gives hope for a possible opening of other giants in the industry and, therefore, closes the gap between the two worlds and facilitates the purchase of cryptocurrencies through bank accounts.
Recently, among other things, JP Morgan has also released a new job in the blockchain world to find a technician who can manage distributed books.