Recent events in the crypto-financial sector have led to tensions between major banks and crypto exchanges, potentially affecting access to fiat channels significantly.
Winklevoss's Criticism of JPMorgan
According to reports from July 25, 2025, JPMorgan Chase & Co. has paused its efforts to re-onboard the exchange Gemini following public criticism from co-founder Tyler Winklevoss. He condemned JPMorgan's policies on open banking, which he believes prompted the bank's reaction.
Impact on Crypto Liquidity
Concerns are rising in the crypto community about potential decreases in liquidity for key assets such as BTC and ETH. Relationships with banks like JPMorgan are critical for the efficient operation of exchanges.
General Implications for Fiat Access
The halt of collaboration with Gemini raises questions about how large banks interact with cryptocurrency platforms. This situation reflects broader tensions between banks and open banking advocates.
The situation between JPMorgan and Gemini highlights the importance of fiat access for crypto exchanges and sparks debates about bank influence over crypto-fiat gateways.
