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JPMORGAN CHASE COULD SOON TAKE FUTURE CONTRACTS ON BITCOIN

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It would be a complete turnaround for Jamie Dimon, the charismatic CEO of the JPMorgan Chase group.
A "fraud" that could soon be offered to customers
Jamie Dimon bitcoin Last September, the man made a big noise stating that he would not hesitate to "fire on the spot an employee who would be caught buying Bitcoins."
He had mentioned two simple reasons for this hostility to digital currency: "It's against our rules, and this is a totally stupid attitude."
Jamie Dimon, who believes that Bitcoin is a "fraud", finally decided a few weeks ago "to stop talking about Bitcoin":
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The story could have stopped as well.
But the Wall Street Journal told us yesterday that JP Morgan Chase could offer its customers, on its own futures contract platform, access to the Chicago Mercantile Exchange's Bitcoin futures contracts ( CME).
Financial groups are interested in Bitcoin and blockchain technology
The CME Group, the world's largest financial derivatives market, seems to have led the way. The company is expected to introduce the first Bitcoin futures contract next month.
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It will allow institutional investors to take advantage of potential increases in digital currency, without having to use a new trading platform or to create a cryptocurrency portfolio.
A Swiss bank, Vontobel, would like to offer "mini futures", more accessible than futures contracts, to offer its customers the opportunity to speculate on the decline in the value of Bitcoin. This may be particularly useful for investors who own Bitcoins, and who would like to reduce their risk of their portfolio.
But beyond digital currencies, blockchain technology seems to be attracting increasing interest from banks.



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