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JPMorgan is first US bank to serve crypto exchanges as banking clients

It’s the first time the US banking giant has taken on crypto clients. The exchanges were approved in April as customers under the bank’s corporate and investment division, and are now starting to process transactions through the bank, per the report.

Traditionally fenced out by banks as clients too risky to take on – Barclays stopped providing banking services to Coinbase last August, it now seems that America’s biggest bank is becoming more comfortable with the idea of servicing players in the crypto world.

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