According to reports, JPMorgan will provide retail wealth clients with access to cryptocurrency funds.

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Advisers at the banking giant are reportedly only permitted to execute cryptocurrency trades at the direct request of a client, rather than recommending the products themselves.

JPMorgan Chase, a major US investment bank, is reportedly allowing advisers to execute cryptocurrency trades for more of its clients. According to a Thursday report from Business Insider, retail wealth clients at JPMorgan now have access to cryptocurrency funds.

According to a person with direct knowledge of the bank’s move to the digital space, all JPMorgan clients seeking investment advice — including those managed by financial advisers, retail investors using its trading app, and clients serviced by the private bank — would be able to invest in cryptocurrency.

Grayscale Investments’ Grayscale Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, and Ethereum Classic Trust, as well as Osprey Funds’ over-the-counter Bitcoin trust, Osprey Bitcoin Trust, are now reportedly available to JPMorgan clients.

Investors may request that their advisers execute cryptocurrency trades, but the bank’s advisers may not be permitted to recommend cryptocurrency investments.

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Following a report that a large number of JPMorgan clients view cryptocurrencies, including Bitcoin (BTC), as an asset class, the company has made the decision. Mary Callahan Erdoes, the company’s director of asset and wealth management, stated at the time that the bank would allow clients to “put their money where they want to invest,” ostensibly including cryptocurrency.

JPMorgan has had a tumultuous relationship with cryptocurrency since its inception. Bitcoin was referred to as “fraud” by CEO Jamie Dimon in 2017. According to recent reports, the company is allowing its clients more exposure to the space and is implementing blockchain solutions.

In March, the bank announced the creation of a new debt instrument that allows investors to gain direct exposure to a portfolio of crypto-focused companies, including business intelligence firm MicroStrategy. Furthermore, the company recently announced that it would be hiring for blockchain-related positions such as software developers, engineers, marketers, and auditors.

Bitcoin’s price has risen to $32,322 at the time of publication, after falling below $30,000 for the first time since January earlier this week.

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