JPMorgan, the big name in traditional finance, is finally getting into the crypto game. They’re developing services to let their clients trade cryptocurrencies, a big shift from their long-held skepticism.
KEY POINTS:
➡️ JPMorgan is moving from a skeptical stance to actively embracing crypto, exploring a trading service, a deposit token, and crypto-backed loans.
➡️ The bank will use third-party custodians to handle crypto safekeeping for clients, allowing them to offer trading services while minimizing direct risk and regulatory burdens.
➡️ Best Wallet Token ($BEST) provides real-world utility for holders, including reduced transaction fees and access to a vetted presale aggregator.
While JPMorgan is ready to jump into the trading side of things, they’re not going to be holding onto your crypto themselves. Instead, they plan to use other companies, known as third-party custodians, to handle the safekeeping of their digital assets.
Scott Lucas, a JPMorgan executive, speaking on Squawk Box, explained that this is a way for them to get involved without taking on all the risks and regulatory hurdles that come with direct custody.
This move is part of a bigger change at the bank, a strategy they’re calling the ‘and approach.’ They want to capitalize on both trad finance and the new opportunities presented by blockchain technology. This new mindset represents a complete turnaround from CEO Jamie Dimon’s past comments, illustrating just how much the financial world’s view on crypto is evolving.
JPMorgan’s interest isn’t just limited to trading. They’re also exploring other areas, such as utilizing their own deposit token, $JPMD, and considering the possibility of offering loans backed by crypto assets in the future.
It’s clear that with more regulatory clarity emerging from legislation like the GENIUS Act, big banks are feeling more confident about stepping into this space. They’re no longer asking ‘if’ they should get into crypto, but ‘how.’
It’s clear that the push for change is here, and a project focused on making changes to make your life easier is Best Wallet Token ($BEST).
Best Wallet Token ($BEST): The Key to the Best Wallet Kingdom
The Best Wallet Token ($BEST) is the native crypto for Best Wallet, a self-custody mobile wallet that’s much more than just a place to store your crypto. Think of it as your all-in-one hub for everything Web3.
With support for seven blockchains, including Ethereum, BNB Chain, and Solana, and plans to expand to over sixty, Best Wallet’s cross-chain capacity will make trading easier. And with built-in tools like a DEX and presale aggregator, Best Wallet aims to be your go-to for all things crypto.
The wallet is also secure, using cutting-edge Fireblocks MPC-CMP technology to keep your funds safe without the hassle of a traditional seed phrase.
$BEST Holder Perks
So, what makes holding $BEST worthwhile? First off, it’s a great way to save money. If you hold the token, you get reduced transaction fees on all your swaps and trades within the wallet.
This can really add up, especially if you’re an active trader. But the biggest draw for many is the exclusive access to a presale aggregator. The Best Wallet team finds and vets promising new crypto projects and gives you a chance to invest in them before they launch on major exchanges. This early access can lead to some massive gains, and it’s a feature you won’t find on many other wallets.
Beyond the financial benefits, $BEST gives you a voice. As a holder, you can participate in the platform’s governance, voting on important decisions like which new blockchains to add or which features to develop next.
In addition to this, future plans include a Best Card, a crypto debit card that will offer cashback and enhanced staking rewards, all of which will be tied directly to holding the $BEST token.
Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.
Source: https://bravenewcoin.com/partner/jpmorgan-plans-crypto-trading-giving-best-explosive-potential
