JPMorgan Chase to Bank for Gemini, Coinbase Cryptocurrency Exchanges ByMax MoellerPRO INVESTOR Updated: 01 August 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage JPMorgan Chase, the big banking company that also has an interest in blockchain and cryptocurrency, has now taken on Coinbase and Gemini as banking customers, reports the Wall Street Journal. This news is according to people familiar with the matter and represents blockchain and cryptocurrency making its way into the mainstream even more. Surprisingly, these accounts were allegedly confirmed in April and transactions are already in process. Essentially, JPMorgan will provide the two groups with cash-management offerings and even help out on the customer end with those looking to buy via fiat. Of course, both Gemini and Coinbase will handle all of the cryptocurrency work by themselves, though having JPMorgan around for the other side could prove quite useful. However, this shouldn’t come as too surprising, considering JPMorgan has already been a part of the cryptocurrency space. In February of last year, the group developed its own stablecoin cryptocurrency, JPM Coin, to digitally represent fiat. Helping out exchanges like the Winklevoss Twins’ Gemini and the US-based Coinbase is the group offering more to the space. Recently, as InsideBitcoins has previously reported on, Gemini began listing the Brave BAT token on its platform. This ensures more users can access and trade the token as they so please. Join Our Telegram channel to stay up to date on breaking news coverage