Despite the statement of Jamie Dimon, CEO of JPMorgan Ltd., who faced a lot of controversy after saying that Bitcoin is a fraud, stating that it is necessary to fire anyone “stupid enough to trade bitcoin”, it came to light that JP Morgan will let its traders begin trading bitcoin futures.
J.P. Morgan, an American multinational banking services holding company headquatered in New York City, is considering the option of providing the clients with access to a new Bitcoin product of CME through its futures-brokerage unit. As it is known JPMorgan Securities Ltd. has already been trading Bitcoin through custodian accounts in Sweden since September, when the corporation made buying and selling Bitcoin operations using Sweden’s Nordic Nasdaq stock market.
— Joseph Young (@iamjosephyoung) 16 сентября 2017 г.
It seems like JPMorgan decided to respond to the customers' growing demand for Bitcoin and plans to launch Bitcoin futures trading on December 11.
Previously, it was reported that JP Morgan faced allegations from Swiss Financial Market Authority for breaking rules of money laundering.
In the end of October 2017, the world’s largest derivatives exchange, CME Group, unveiled its plans to launch Bitcoin futures during the fourth quarter of 2017, along with Man Group, the world’s largest publicly traded hedge fund, that was making plans to launch Bitcoin futures trading, and BitMEX, which announced Bitcoin Cash futures trading.