JPMorgan Chase is expanding JPM Coin, its deposit token, to the Ethereum network, according to a Bloomberg report published on Monday. Cointelegraph covered the report on October 19, 2026. JPMorgan Chase is the largest bank in the world by market capitalization.
According to the report, the move is meant for the bank's institutional clients. They would be able to use JPM Coin on Ethereum to make payments and to settle transactions in tokenized assets.
The report as summarized does not give a launch date, a client count, transaction volumes or fees. It also does not say which institutions will take part. Those details are not yet known.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The report says nothing about these exchanges, so funding rates, trading fees and order-book liquidity on them are not affected by anything in it. JPM Coin is described as a tool for institutional payments and settlement, not as a product on any perpetual futures venue.
Source: cointelegraph — JPMorgan takes JPM Coin to Ethereum for institutional clients: Report
Price today: Ethereum