JPMorgan Expands JPM Coin to Ethereum, Citing Liquidity and Institutions

JPMorgan is expanding its JPM Coin beyond Coinbase's Base network to Ethereum, pointing to the blockchain's deeper liquidity and institutional user base as the rationale. The largest U.S. bank already moves more than $7 billion a day on its private Kinexys network, underscoring the scale of its existing blockchain-based settlement operations. CoinDesk's Uyen Truong hosts this episode of "CoinDesk Daily," walking viewers through the significance of the move for one of the world's biggest financial institutions and what it signals about institutional adoption of public blockchain infrastructure. This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor.