You may be able to take out loans with your crypto soon, as JPMorgan Chase & Co. plans to let its clients use cryptocurrency-linked assets as collateral.
It’s a dramatic shift in the organization’s attitude towards crypto. It also marks a growing need for a secure crypto wallet like Best Wallet to secure your digital assets.
Largest US Bank Enters the Cryptoverse
According to a Bloomberg report, the largest bank in the US will begin offering its trading and wealth-management clients loans backed by crypto exchange-traded funds (ETF).
BlackRock’s iShares Bitcoin Trust will be the first crypto ETF to be accepted, with more to be added eventually.
It may also start to consider the crypto holdings of its wealth-management clients when calculating their net worth and liquid assets.
The announcement marks a significant change in the organization’s approach to crypto, particularly for CEO Jamie Dimon, who has said he ‘is not a fan’ of Bitcoin.
In May, he expressed his unchanged opinion, but that he won’t stop his clients from buying Bitcoin.
“I don’t think you should smoke, but I defend your right to smoke,” Dimon said. “I defend your right to buy bitcoin.”
Best Wallet: The Keys to Your Digital Fortress
As mainstream banks begin accepting cryptocurrencies on the same level as cash and other traditional assets, the need to secure these digital assets responsibly becomes paramount.
After all, over $2.2B worth was stolen through hacks on crypto exchanges in 2024 alone.
Best Wallet is a top non-custodial cryptocurrency wallet that lets you store various cryptocurrencies securely.
It uses cutting-edge security measures to keep your crypto safe from hacks and loss. With Fireblocks MPC security tech, you can create secure cloud backups of all your multi-chain wallets. And, with Two-Factor Authentication, your private keys or seed phrases are never accessible to anyone but you.
This lets you sleep at night knowing you alone have control over your crypto funds.
The app is quick to install and easy to use, just like any other mobile app, making it a convenient yet secure solution. It also lets you manage your portfolio, stake tokens, and access the best presales via its Token Launchpad.
It’s a no-KYC crypto wallet, so you won’t be required to submit any personal information to use it. That helps maintain your privacy.
The $BEST Token to Have in Your Wallet
Power up your wallet and your crypto game with the Best Wallet Token. $BEST comes with VIP benefits, including lower transaction fees and early access to presales before they become available to other investors.
$BEST is currently priced at $0.025135; you can get it at the Best Wallet presale page. To get started, connect your crypto wallet to the presale widget, enter the number of tokens you want to buy, and pay with your credit/debit card or crypto. For more information, you can check out our Best Wallet Token buying guide.
You can also stake your tokens as soon as you buy them and enjoy passive rewards. The current staking APY is set at 108% p.a., but expect this to change as more investors stake their $BEST tokens. To date, over 246M tokens have been locked in its staking pool.
Aside from the staking rewards, hodling the token may be a smart move just based off of $BEST’s growth potential.
Best Wallet is on track to secure 40% of the non-custodial wallet market, valued at $11 billion, and holding $BEST lets you claim your share of the pie. Our Best Wallet Token price prediction article has more details.
Crypto Goes Mainstream
With JPMorgan Chase spearheading broader crypto acceptance, we can expect more people to buy $BTC and require a good crypto wallet to keep it in.
As a non-custodial wallet. Best Wallet lets you have the keys to secure your digital assets, while its native Best Wallet Token ($BEST) lets you capitalize on this wallet’s expected growth.
As always, this article is for educational purposes and does not represent investment advice.
