TradFi giant JPMorgan is planning to offer crypto trading for clients

JPMorgan executive Scott Lucas confirms crypto trading services are in development, but his firm is hesitant to handle crypto custody at the moment.

JPMorgan is looking to scale up its blockchain and crypto exposure and is now developing plans to offer cryptocurrency trading services, according to a company executive. 

Custodying crypto directly is currently off the table, however.

Speaking on CNBC’s Squawk Box Europe on Monday, JPMorgan’s global head of markets and digital assets, Scott Lucas, was asked if the banking giant would follow competitors such as Citibank into custodying crypto for its clients. 

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