SignalCrypto

Jamie Dimon slammed crypto. JPMorgan quietly built JPM Coin.

Contradiction between Dimon's public crypto criticism and JPMorgan's quiet JPM Coin build.

Context

What happened: Scott Melker discussed JPMorgan (JPM) expanding its JPM Coin dollar deposit token to Ethereum, noting the bank is moving onto public networks despite CEO Jamie Dimon's public crypto skepticism. Key numbers: No specific figures provided. Why it matters: Melker said the move suggests large institutions may favor public networks like Ethereum and Solana over private blockchains, calling it a bullish trend for the space.

What changed

Scott Melker discussed JPMorgan (JPM) expanding its JPM Coin dollar deposit token to Ethereum, noting the bank is moving onto public networks despite CEO Jamie Dimon's public crypto skepticism.

Why it matters

Melker said the move suggests large institutions may favor public networks like Ethereum and Solana over private blockchains, calling it a bullish trend for the space.

Sources

eodhd