JPMorgan expanded JPM Coin to Ethereum, giving business clients round-the-clock payment and asset-settlement options. The bank expects interest from crypto firms and financial institutions, but reports no added income yet.
The added network could help JPMorgan serve firms that want to move money or settle digital assets outside normal banking hours. The bank expects interest from crypto firms and financial institutions. Still, the story gives no customer totals or added income from this expansion, so the benefit has not yet been shown in business results.
Coinbase is mentioned because JPM Coin first launched on its Base network. The story reports no new Coinbase deal or business result.
Follow JPMorgan Chase & Co (JPM) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for JPM