JPMorgan Opens Cryptocurrency Access to All Clients

JPMorgan has allowed its consultants to process client requests for transactions in cryptocurrency products, writesBusiness Insider citing sources. As the newspaper notes, this is the first large bank to offer such services to clients who do not belong to the super-rich category.

All JPMorgan customers are nowwealth management will be able to access cryptocurrency funds. The corresponding instruction was given to the bank employees in the notification this week. Since July 19, they have been allowed to work with five products, including those produced by Grayscale based on Bitcoin, Bitcoin Cash, Ethereum and Ethereum Classic.

The source claims that the service is available to everyoneJPMorgan clients seeking investment services, including users of a trading application and consulting service. At the same time, JPMorgan consultants can only conduct "voluntary" transactions, that is, they do not have to recommend cryptocurrencies to clients, but can buy or sell an asset upon request.

In April, it became known that JPMorgan was preparingoffer an actively managed bitcoin fund to wealth management clients. Business unit chief Mary Callahan Erdoes recently revealed that many of them are considering cryptocurrencies as an asset class and want to invest.

Competing organizations including Goldman Sachs,Morgan Stanley and Bank of America have not yet opened direct access to cryptocurrency products to retail clients. Morgan Stanley was the first to provide such services to high net worth clients with at least $ 2 million in investment assets. Other banks are expected to follow JPMorgan's lead, Business Insider notes.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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