Crypto exchanges brace for pressure as banks like JPMorgan enter spot trading

The national banks regulator OCC released a statement signaling a shift in rules that will have significant crypto market consequences across the United States. What to know : The U.S. federal banking regulator has signaled a shift allowing banks to engage in crypto trading services, potentially reshaping competition in the trading sector. JPMorgan is exploring crypto trading services for institutional investors, following new guidance from the Office of the Comptroller of the Currency. The OCC's guidance allows banks to facilitate 'riskless principal' crypto transactions, enabling them to broker trades without holding inventory or taking market risk.