Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • Cryptocurrency
  • News

JPMorgan Finally Joins the Bitcoin (BTC) Bandwagon, Seals Deal with Coinbase and Gemini

Solomon Odunayo May 13, 2020 2 min read
Bitcoin (BTC) Reaches Price Milestone after Three Years of Waiting

JPMorgan, the arguably largest bank in the United States has recently sealed a deal with leading Bitcoin (BTC) trading platforms, Coinbase and Gemini exchange.


trade now

Per the agreement in the partnership as reported by Forbes on 12th May 2020, JPMorgan will start offering the two cryptocurrency exchange banking services.

Bitcoin (BTC) Garnering Much-Needed Attention

This is a good call for Bitcoin (BTC) and the cryptocurrency industry as a whole. At a time when the world’s economy is faced with the menace of coronavirus pandemic, Bitcoin has proven itself to some extent as a safe haven.

This is possibly attracting the presence of the world’s most notable investors, such as the JPMorgan’s recently sealed deal with Coinbase and Gemini, which indicates that the giant bank is now ready to leverage cryptocurrency utilities.

According to the report, the new relationship between JPMorgan and the two exchanges will enable their users to access all important banking services offered by the bank, such as deposit, withdrawal, and transfers with Automated Clearing House (ACH) infrastructure.

Bitcoin (BTC) and Crypto’s Global Adoption Still on Track

Although a number of notable banks across the world had once offered their services to cryptocurrency exchanges. But the recent interest showcased by JPMorgan, resulting in a partnership with two notable crypto exchanges could serve as a catalyst to motivate other big banks and financial institutions to join the Bitcoin (BTC) movement.

Reacting to the new development, an anonymous banker reportedly said:

“It’s big news in my opinion. There is little business in fees associated with processing wire and ACH transactions, I think JPM will derive other benefits from its collaboration with both exchanges, potential for winning any future IPO or another angle such as JPM coin getting listed on either of those platforms.”

The price of Bitcoin in the market has managed to break above $9,000 resistance level. At the time of filing this report, BTC is trading at $9,005.49, with a relatively 3% price upsurge in the last 24 hours.

Trade Now

Continue Reading

Previous: Kuwait Bank Announces RippleNet-Powered Payment Service to Turkey
Next: Cardano’s Yoroi Warns Users of Websites Disguised as Yoroi, Hints at How to Identify Fake Version

Related Stories

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,393.00
-0.75%
ethereum
Ethereum (ETH)
$1,818.02
-6.58%
tether
Tether (USDT)
$1.00
-0.07%
usd-coin
USD Coin (USDC)
$1.00
0.00%
binancecoin
BNB (BNB)
$309.12
-5.34%
ripple
XRP (XRP)
$0.395060
-2.81%
Binance USD
Binance USD (BUSD)
$1.00
0.27%
cardano
Cardano (ADA)
$0.484568
-5.81%
dogecoin
Dogecoin (DOGE)
$0.078762
-6.21%
polkadot
Polkadot (DOT)
$9.22
-6.50%

Recent Posts

  • Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?
  • PancakeSwap Guide 2022 – Everything You Need To Know About This DEX
  • Polkadot-based Smart Contract, T3rn Deploys Latest Testnet
  • Uruguayan Authorities Launch Campaign Against Crypto Scams
  • GameStop Announces The Launch Of A Crypto Wallet
  • Litecoin To Be Delisted Out Of Major Crypto Exchanges

Disclaimer

This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

Categories

You may have missed

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
3 min read
  • Cryptocurrency Brokers News and Reviews

CharterPrime Review – Is CharterPrime Scam or a Proper Broker?

May 25, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%