According to @simplykashif, JPMorgan launched JPM Coin, a blockchain-based institutional deposit token that runs on Base Chain and enables 24/7 USD transfers (source: @simplykashif). Base is an Ethereum Layer 2 developed by Coinbase, designed for low-cost, high-throughput settlement, making the reported deployment relevant to ETH ecosystem infrastructure (source: Coinbase). Trading takeaway: monitor Base network USD transfer volumes, weekend settlement activity, relative stablecoin transfer share versus USDC and USDT, and ETH Layer 2 gas usage to assess on-chain dollar settlement trends following this report (source: @simplykashif).

According to the source, JPMorgan has launched a blockchain-based deposit token called JPM Coin for institutional clients; source: public X post dated Nov 12, 2025. The announcement does not include details on supported networks, jurisdictions, or transaction metrics; source: the same post. Traders tracking tokenized deposits and on-chain settlement themes may wait for official JPMorgan documentation or client adoption data before adjusting exposure; source: the same post.

According to the source, traders are revisiting that Jamie Dimon called Bitcoin a fraud in 2017, CNBC, Sep 12, 2017. Since then, JPMorgan has scaled blockchain operations including JPM Coin processing about 1 billion dollars in daily transactions and the first live trade on its Tokenized Collateral Network, Bloomberg, Oct 25, 2023; Reuters, Oct 11, 2023. Dimon remains critical of BTC but acknowledges blockchain and properly regulated stablecoins as real use cases, CNBC, Jan 17, 2024; JPMorgan 2024 Shareholder Letter, Apr 8, 2024. For market positioning, institutional on-chain rails and real-world asset tokenization have accelerated alongside events like BlackRock’s BUIDL tokenized fund launch on Ethereum, supporting the on-chain liquidity outlook cited by major institutions, Reuters, Mar 20, 2024; Citi GPS, Mar 2023.

According to the source, a social media post dated Oct 31, 2025 claims JPMorgan CEO Jamie Dimon said "Crypto is real. It will be used by all of us to facilitate better transactions" (source: public post on X dated Oct 31, 2025). The post does not provide an official transcript or recording link to corroborate the quote, making the claim unverified at this time for trading decisions (source: same X post, no primary source cited). For context, Dimon previously criticized crypto as a decentralized Ponzi scheme during a Dec 6, 2023 U.S. Senate Banking Committee hearing, recorded in the official committee proceedings (source: U.S. Senate Committee on Banking, Housing, and Urban Affairs, Dec 6, 2023 hearing transcript). Separately, JPMorgan operates the Onyx platform and JPM Coin for institutional payments, demonstrating enterprise blockchain adoption within the bank regardless of retail crypto narratives (source: JPMorgan official newsroom and Onyx by J.P. Morgan site). Trading takeaway: treat this headline as unverified until confirmed by an official company transcript or filing from JPMorgan IR or SEC EDGAR before adjusting BTC or ETH exposure (source: JPMorgan Investor Relations and SEC EDGAR as official confirmation channels).

According to the source, QNB Group has adopted JPMorgan’s blockchain platform to process U.S. dollar payments 24/7 in minutes via the Kinexys Digital Payments system, source: the source. JPMorgan states its Onyx Coin Systems (JPM Coin) enables round-the-clock wholesale USD transfers on a permissioned ledger separate from public cryptocurrencies, source: JPMorgan Onyx. QNB Group ranks among the largest banks in the Middle East by assets, indicating meaningful potential volumes for cross-border settlement migration, source: QNB Group corporate profile. Because JPM Coin is a closed, bank-grade deposit token, there is no direct on-chain demand link to BTC or ETH spot markets, though the narrative supports institutional blockchain adoption and tokenized deposits, source: JPMorgan Onyx; BIS CPMI analysis on wholesale DLT. Traders should watch payment and RWA narratives for sentiment and liquidity shifts and monitor USD funding spreads during MENA hours, as bank blockchain rails can compress settlement times without touching public chains, source: BIS CPMI wholesale payments research; JPMorgan Onyx.