JPMorgan Chase Begins Accepting Bitcoin, Ethereum as Collateral

JPMorgan Chase has made a significant move in the world of cryptocurrency by launching a program that allows institutional clients to pledge Bitcoin and Ethereum as collateral for U.S. dollar loans via its Kinexys platform.

The program, which was launched in March 2026, marks a major shift from CEO Jamie Dimon's past skepticism towards crypto, where he once treated it like traditional assets with haircuts of 30-50% reflecting volatility.

Custodians such as Fidelity and Coinbase hold the assets, allowing for greater security and liquidity in the market.

This move paves the way for broader adoption by other major banks and introduces new dynamics in crypto markets, including new risk factors that will be closely watched over the next year.