Cryptocurrency and blockchain startups have increasingly been receiving large amounts of investments from traditional financial institutions. However, these crypto-related firms have reportedly been denied banking services by JPMorgan Chase and HSBC Holdings Plc. That’s according to recent article published on Bloomberg, which pointed out that giant investment banks such as JPMorgan now seem to be more interested in the crypto space. After Jamie Dimon, the CEO of JPMorgan, had referred to bitcoin (BTC) as a “fraud” (about a year back), the largest bank in the US recently launched its own cryptocurrency, the JPM Coin.
