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Analysis: US Banks Approved to Offer Crypto Trading Services, Potentially Reshaping Market Competition

Analysis: US Banks Approved to Offer Crypto Trading Services, Potentially Reshaping Market Competition

TechFlow深潮TechFlow深潮2025/12/23 14:35
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TechFlow News, December 23, according to CoinDesk, the US Office of the Comptroller of the Currency (OCC) recently issued an interpretive letter confirming that national banks can participate in "riskless principal" crypto asset transactions, allowing banks to broker cryptocurrency trades without holding inventory or taking on market risk. According to Bloomberg, JPMorgan is exploring offering crypto trading services for institutional investors, marking a shift for Wall Street banks from the experimental phase of cryptocurrencies to the implementation stage.

Experts believe this regulatory shift will have a significant impact on the crypto market. With regulatory legitimacy and customer trust advantages, banks are expected to absorb a considerable portion of retail order flow, especially putting competitive pressure on independent crypto exchanges without banking licenses.

Banks are expected to focus on highly liquid assets such as bitcoin, ethereum, and regulated stablecoins, rather than offering all crypto tokens. Market observers point out that this competitive landscape may not be a zero-sum game, as many banks will still rely on crypto-native companies for liquidity, pricing, and infrastructure, creating opportunities for collaboration.

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