JPMorgan Chase (NYSE:JPM) plans to offer loans secured by clients' cryptocurrency holdings, specifically Bitcoin and Ethereum ...

The Pittsburgh bank is working with the cryptocurrency platform to let PNC customers buy, sell and hold cryptocurrencies.

Crypto Loans: Crypto loans, on the other hand, utilize cryptocurrency holdings as collateral. Borrowers pledge their digital assets, such as Bitcoin or Ethereum, to secure the loan.

Mauricio explains that Ledn’s service is simple yet powerful. Bitcoin holders can use their cryptocurrency as collateral to secure dollar loans, much like borrowing against the value of a house.

JPMorgan Chase plans to offer a lending service that allows clients to present their crypto holdings as collateral, a major offering yet to be finalized.