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

Recent announcements indicate that US banks are entering the spot trading of cryptocurrencies, which may put significant pressure on existing crypto exchanges. The entry of major banks like JPMorgan could impact the business models and profitability of these exchanges. The OCC has released a statement about this transition, suggesting a relaxation of regulations that will make it easier for banks to access the crypto market. This trend might build investor confidence in cryptocurrencies through traditional financial institutions, while existing exchanges could face a war of attrition. The market is reacting sensitively to these developments, anticipating increased price volatility in the near future. Attention is now focused on forthcoming events.