How does JP Morgan's approach to cryptocurrencies differ from Fidelity's?

1 answers

• May 09, 2022 · 3 years ago
  JP Morgan and Fidelity have different approaches to cryptocurrencies. JP Morgan, being one of the largest traditional banks, has been more skeptical about cryptocurrencies due to concerns about their volatility and regulatory challenges. However, they have recognized the potential of blockchain technology and have been actively exploring its applications in various areas. Fidelity, on the other hand, has been more open to cryptocurrencies and has been actively investing in the space. They have established Fidelity Digital Assets to provide custodial services for cryptocurrencies and have also conducted research on institutional investors' attitudes towards digital assets. While JP Morgan has been more cautious, Fidelity has been more forward-thinking in their approach to cryptocurrencies.
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