JP Morgan Serves Cryptocurrency Exchanges
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Banking giant JP Morgan now serves cryptocurrency exchanges, the Wall Street Journal reports citing a source familiar with the matter.

It is reported that first crypto-related JPMorgan's customers are the American popular crypto exchanges Coinbase and Gemini. Applications from the exchanges were approved last month and now the financial institute has begun to process transactions.

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JPMorgan is reportedly providing cryptocurrency payment and cash management services. The financial institute will process bank transfers, as well as deposit and withdraw funds through a network of automated clearing houses.

Last year, at least 80 Japanese banks have shown interest to join JPMorgan's blockchain network called Interbank Information Network.

iHodl also reported that the US-based regulated cryptocurrency exchange Gemini completed another security audit, which covers the financial operations and customer reporting controls of the exchange and Gemini Custody.

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