More US finance giants tiptoe into cryptoassets

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Several leading US financial heavyweights are staying on the sidelines, while an increasing number are proceeding cautiously into the growing world of cryptoassets.

More financial players are edging into cryptocurrencies, but many large US firms are still on the sidelines.NEW YORK - Investing in bitcoin and other digital currencies remains a risky game where the rules could change significantly, but the payoff could be big.

JPMorgan, the biggest US bank by assets, is currently assessing how it can help clients transact in cryptocurrency, Dimon said last month at the bank's annual meeting. On Wednesday, the head of online trading firm Interactive Brokers vowed to establish online trading of cryptocurrencies on the platform by the end of the summer.

ForUsAll, a platform that manages retirement accounts for small businesses, on Monday announced an agreement with Coinbase that allows clients to invest up to five percent of their balances in cryptocurrencies.

 

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