JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use

JPMorgan is launching JPM Coin , its dollar deposit token, on Ethereum and will offer it to the bank’s institutional clients there, the bank said in a statement on Monday, Bloomberg reported . Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Why Ethereum Ethereum’s liquidity, and the fact that the bank’s clients are already on it, decided the pick, said Emma Landriault , global head of Kinexys Labs at JPMorgan’s blockchain unit Kinexys . “We’ve clearly been in a year of further convergence between Wall Street and crypto,” Landriault was quoted by Bloomberg as saying in an interview.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.