PANews reported on October 14th that, according to Cryptobriefing, JPMorgan Chase's head of digital asset markets confirmed that the bank plans to enter the cryptocurrency trading business, but has no immediate plans to launch custody services. The bank stated that it is instead exploring partnerships with third-party custodians to support its growing digital asset business. JPMorgan Chase acknowledged that through new business integrations, Bitcoin and related cryptocurrencies will significantly expand its market reach.