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Crypto exchange Gemini denies report that JPMorgan is ending banking relationship with the company

Crypto exchange Gemini Trust has denied that JPMorgan (JPM) is ending its banking relationship with the company, which was reported by CoinDesk earlier Wednesday citing an anonymous source. “Gemini’s banking relationship remains intact with JPMorgan,”

Crypto exchange Gemini Trust has denied that JPMorgan (JPM) is ending its banking relationship with the company, which was reported by CoinDesk earlier Wednesday citing an anonymous source. “Gemini’s banking relationship remains intact with JPMorgan,” the crypto exchange wrote on Twitter. Gemini’s Earn program, which was supposed to allow customers to earn interest by lending their crypto to institutional investors, paused withdrawals in November and has yet to restart them after the exchange’s lending partner, Genesis Global Capital, collapsed.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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