JPMorgan will serve Coinbase and Gemini customers

The Wall Street Journal, citing its own sources, reports that the leading investment bank JPMorgan maintains accounts of the Gemini cryptocurrency exchanges and Coinbase

This is not about trading bitcoin or other cryptocurrencies. But JPMorgan is involved in transaction processing with deposit and withdrawal of funds.

The choice of these two exchanges as partners is explained by their financial licenses for work in many American states.