Crypto integration into traditional finances is accelerated. The main banks are rolling in crypto trading services, expanding Stablecoin initiatives and preparation for changing regulations that can let tokenized assets serve as collateral in the derivatives markets.
This week of the Crypto Biz has dived to Morgan Stanley’s plan to launch crypto trading through E*trade, JPMorgan CEO’s careful recognition Jamie Dimon (CFTC) exploration of the Commodity Futures Trading Commission (CFTC) of tokenized collateral. In addition, the Michael Saylor of the Strategy is eliminating the communication of a fading bull market, predicting institutional demand to push Bitcoin higher in Q4.
Morgan Stanley to offer crypto trading by e*trade
Morgan Stanley’s discount discount e*trade Start offering cryptocurrency trading In 2026 through a collaboration with infrastructure provider Zerohash, who marked another sign that the major banks were moving to digital ownership.
A Morgan Stanley spokesman confirmed to Reuters that trading clients are about to buy Bitcoin (Btc), Ether (Eth) and Solana (Sol), cheating on Earlier reports about the bank crypto pushing.
Morgan Stanley got E*trade in 2020 for $ 13 billion. At this time, the platform has about 5.2 million users.
By entering crypto trading, E*trade will directly compete with Robinhood, the popular aggressive broker discount that has expanded crypto offerings, including this year $ 200 million taking the exchange bitstamp.
Jamie Dimon is “not specifically concerned” about stablecoins
Jpmorgan CEO Jamie Dimon CNBC told this week that he was “not particularly concerned” about stablecoins, which indicated that he did not see blockchain-based tokens as a threat to his bank’s main business model.
However, Dimon emphasized that bank executives should be at the top of it and understand it, “citing the rapid growth of the sector and the recently passed Genius Act, which, that, is, Possible shape of banking lobbyistsBans Ani-Bearing Stablecoins.
“There will be people who want to have their own dollars through a stablecoin out of the US, from evil people to good men to some countries where you probably have better dollars and not put in the banking system,” Dimon said.
Although Dimon has long been a critic of cryptocurrencies, JPMorgan has taken steps in space. Bank confirmed report that the major institutions explored “whether they should have a consortium” to issue a stablecoin, Dimon said.
CFTC exploration of outline to allow tokenized assets as collateral in derivatives
The Commodity Futures Trading Commission checks if Stablecoins and other tokenized assets may used as collateral in derivatives marketpotential expansion of their role in traditional finances.
Acting chair Caroline Pham said the agency will “work closely to stakeholders” to shape the plot, which opens the public to October 20th.
“The public spoke: the tokenized markets were here, and they were the future. For many years I said collateral management was the ‘killer app’ for stablecoins in markets,” Pham said.
Earlier this week, Pham announced new members of CFTC’s Digital Asset Advisory Groupincluding representatives from Uniswap labs, aptos labs, BNY, chainlink labs and JPMorgan.
Jpmorgan CEO Jamie Dimon CNBC told this week that he was “not particularly concerned” about stablecoins, which indicated that he did not see blockchain-based tokens as a threat to his bank’s main business model.
Institution consumers will push the price of bitcoin higher in Q4 – Michael Saylor
Despite the recent volatility, Bulcoin’s Bulcoin Market is set to continue in the fourth quarter as corporate treasury and exchange-traded fund (ETF) that the drive demands against limited supply, According to Strategy Executive Chairman Michael Saylor.
Speaking with CNBC, Saylor eliminated the recent weakness of Bitcoin, noting that “companies that compress Bitcoin are buying more than the natural supply created by miners.” Following the division of April 2024, miners produce only 900 BTC per day.
Public companies collectively hold more than 1.03 million BTC, industry data Shut up. The approach is to the widest with -hold, with 639,835 BTC in its balance.
For these companies, buying bitcoin “really improves their capital structure,” Saylor said.
The Crypto Biz is your weekly pulse business behind Blockchain and Crypto, which is delivered directly to your inbox every Thursday.
