WS #16239
JPMorgan has deployed JPM Coin on the Ethereum mainnet, enabling $7 billion in daily Kinexys-backed dollar deposits for institutions, marking a significant step in public-chain settlement adoption. In contrast, traditional banking faces headwinds as Northern Trust reported Q3 earnings that fell sequentially with weak Q4 guidance, highlighting the margin pressure on legacy financial institutions amidst shifting market dynamics.
Institutional Crypto & Banking Strain
JPMorgan has deployed JPM Coin on the Ethereum mainnet, enabling $7 billion in daily Kinexys-backed dollar deposits for institutions, marking a significant step in public-chain settlement adoption. In contrast, traditional banking faces headwinds as Northern Trust reported Q3 earnings that fell sequentially with weak Q4 guidance, highlighting the margin pressure on legacy financial institutions amidst shifting market dynamics.