Does Chase Offer Crypto?
If you thought you couldn’t trade Bitcoin or other cryptocurrencies through your J.P. Morgan Chase account, think again. It’s possible, and we’ll show you how.
What J.P. Morgan Chase Offers...And What It Doesn't
J.P. Morgan Chase doesn’t allow direct trading of Bitcoin or other cryptocurrencies. However, it does offer trading in funds that hold digital currencies and stocks investing in blockchain technology.
Later in the article, we’ll explain how to trade Bitcoin, Ethereum, and other cryptocurrencies directly.
What Is the Blockchain?
Every Bitcoin or digital currency transaction is recorded on a cloud-based ledger. This digital record-keeping system has a promising future, which is why many tech companies are investing in it.
Blockchain Stocks
One company developing its own blockchain service is Alibaba. The tech giant has created a Blockchain as a Service (BaaS) platform that offers services like data asset sharing and supply chain finance.
Alibaba trades on the New York Stock Exchange under the ticker symbol BABA. J.P. Morgan Chase’s profile for the stock shows an overweight rating from JPMorgan and an overall buy rating from 7 other analysts.
Bitcoin at Robinhood
If trading OTC securities or blockchain stocks doesn’t interest you, you can trade Bitcoin and other cryptocurrencies directly. While J.P. Morgan Chase doesn’t offer this service, Robinhood does. Robinhood accounts are insured by SIPC, and the brokerage is regulated by FINRA/SEC, just like J.P. Morgan Chase.
Robinhood allows clients to buy and sell 22 cryptocurrencies, including Bitcoin. The broker charges no commissions on crypto trades, and the minimum investment is just $1.
Robinhood offers trading in these currencies:
- Aave (AAVE)
- Avalanche (AVAX)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- BONK (BONK)
- Cardano (ADA)
- Chainlink (LINK)
- Compound (COMP)
- Dogecoin (DOGE)
- Dogwifhat (WIF)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Pepe (PEPE)
- Shiba Inu (SHIB)
- Solana (SOL)
- Steller Lumens (XLM)
- Tezos (XTZ)
- Trump (TRUMP)
- Uniswap (UNI)
- USDC (USDC)
- XRP (XRP)
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Trading at Robinhood vs. Trading at J.P. Morgan Chase
One key difference between trading Bitcoin at Robinhood and trading crypto-related securities at J.P. Morgan Chase is that the latter investments are insured by the SIPC, while cryptocurrencies are not. SIPC only covers securities, and Bitcoin and other digital currencies aren’t classified as securities.
Cryptocurrencies trade almost 24/7, with only short breaks for updates. The crypto market itself operates non-stop. This isn’t the case at J.P. Morgan Chase, where trading is limited to regular market hours.
While securities can be transferred in and out of both J.P. Morgan Chase and Robinhood accounts, cryptocurrencies cannot be moved into or out of a Robinhood account.
Blockchain Funds
If investing in a single stock feels risky, you can diversify with blockchain ETFs. J.P. Morgan Chase offers trading in blockchain ETFs, which tend to be less volatile than individual stocks.
One blockchain ETF available in our J.P. Morgan Chase test account is BLCN, the Nasdaq NexGen Economy Fund. This ETF tracks the Reality Shares Nasdaq Blockchain Economy Index, which includes companies involved in blockchain technology.
Some of the stocks in BLCN’s portfolio include:
IBM
Alibaba
Baidu
GMO Internet
Square
Digital Garage
J.P. Morgan Chase’s profile for BLCN shows a two-star rating out of five from Morningstar, though the fund does pay a consistent dividend.
Blockchain Options
If you prefer short-term trading, you can skip stocks and funds and trade options instead. J.P. Morgan Chase offers options trading in calls and puts, though its platform doesn’t support multi-leg strategies.
For Alibaba, we found thousands of contracts with expirations as far out as 2025. Remember, bullish strategies involve buying calls or selling puts, while bearish strategies involve buying puts or selling calls.
Grayscale Funds
Grayscale is a fund manager that offers several cryptocurrency funds trading over-the-counter. These include:
Grayscale Bitcoin Trust (symbol: GBTC)
Grayscale Bitcoin Cash Trust (symbol: BCHG)
Grayscale Ethereum Classic Trust (symbol: ETCG)
Grayscale Ethereum Trust (symbol: ETHE)
Grayscale Litecoin Trust (symbol: LTCN)
Grayscale Digital Large Cap Fund (symbol: GDLC)
On J.P. Morgan Chase’s platform, we found some of these funds, though not all. One available fund is the Ethereum Trust, which holds over $5 billion in assets stored offline. The fund charges an annual fee of 2.5%.
Grayscale products are a solid way to invest in cryptocurrencies and Bitcoin on Chase bank.
Updated on 2/24/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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