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Which banks pursued crypto trading?

Published 396 words 2 min read

TLDR

Several major banks are actively pursuing or offering crypto trading for clients. Notably, JPMorgan is evaluating an institutional desk, Standard Chartered already offers spot BTC and ETH to institutions, and Goldman Sachs runs crypto derivatives trading.

  1. JPMorgan is assessing spot and derivatives trading for institutions, with decisions tied to client demand and risk reviews report.
  2. Standard Chartered launched spot bitcoin and ether trading for institutional clients earlier in 2024 %%CKPROTECTED0%%.
  3. Goldman Sachs already operates a trading desk for crypto derivatives report.

Deep Dive

1. JPMorgans Institutional Push

JPMorgan is considering a suite of crypto trading services for institutional clients, including spot and derivatives, citing growing demand and improving U.S. regulatory clarity. The bank has not committed to a launch and is still weighing risk and viability for its markets division coverage.

Separately, peers are moving too. Morgan Stanley is referenced as targeting the first half of 2026 for spot bitcoin and ether trading on self-directed platforms, reflecting a wider Wall Street shift toward direct access for sophisticated clients analysis.

What this means

If JPMorgan proceeds, it would normalize institutional crypto access inside bank infrastructure, potentially pulling volume from standalone venues.

2. Standard Chartereds Spot Trading

Standard Chartered launched spot bitcoin and ether trading for institutional customers earlier in 2024, becoming one of the first major banks to provide direct spot access rather than just derivatives or custody report.

Outside the U.K., Europe is broadening too. French bank BPCE is preparing to offer crypto trading for retail users, signaling that bank-based distribution may expand beyond institutions in some markets coverage.

What this means

Direct spot flows via banks can deepen liquidity on regulated channels and may increase institutional participation.

3. Goldman Sachs Derivatives

Goldman Sachs operates a crypto derivatives trading desk, giving institutional clients exposure through futures and options while sidestepping some custody complexities of spot markets report.

Banks often start with derivatives, custody, or ETFs before spot. The recent reports around JPMorgan come as multiple banks explore or extend digital asset offerings in response to client demand and evolving guidance overview.

What this means

Derivatives remain a common first step for banks to serve demand while fitting within existing risk frameworks.

Conclusion

Momentum among large banks is real, with direct spot access from Standard Chartered, derivatives at Goldman Sachs, and JPMorgan evaluating an institutional trading desk. The common thread is client demand and clearer guardrails, which could shift more institutional crypto activity into bank channels over time.

Educational information only. Crypto markets are volatile and this is not financial advice.


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