JPMorgan is bullish on this regional bank stock big into crypto

A visible illustration of the cryptocurrency Bitcoin on November 21, 2020 in London, England.

Jordan Mansfield | Getty Images

Volatility within the cryptocurrency market this week hasn’t modified JPMorgan’s optimistic view on shares of Signature Bank, a frontrunner within the digital asset sphere. 

The regional bank’s digital asset banking technique and its real-time, blockchain-based funds platform “Signet” has attracted elevated investor curiosity as cryptocurrency has gained consideration.

The JPMorgan observe comes on the tail of a roller-coaster week for cryptocurrencies.

Crypto costs fell as Chinese authorities reiterated requires tighter regulation on crypto mining and buying and selling, whereas the U.S. Treasury introduced it could require stricter crypto compliance with the IRS.

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