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Mar 01
Binance Research Publishes Analysis Evaluating JPM Coin's Sustainability for Institutions

MALTA / March 1, 2019 -- Binance Research, the insights and analysis arm of cryptocurrency exchange Binance, today published a market research report delving into the implications of JPM Coin, a stablecoin backed 1:1 by J.P. Morgan’s fiat reserves.

According to the report , JPM Coin has initially been built on Quorum as a closed network and is unlikely to directly impact crypto markets in the short to mid term. However, it is positive for the industry as it further legitimizes blockchain technology. Bank-backed stablecoins can also help to strengthen liquidity within the crypto-asset markets.

“While JPM coin does have the potential to materially impact traditional financial services (related to institutional client use cases such as clearing and settlement), it will not displace liquid, publicly traded stablecoins in the near-term given it’s private, permissioned structure,” according to the report.

“Should this pilot project prove successful as a model for driving institutional adoption of private blockchains, it has the potential to hinder long-term growth of a global decentralized economy.”

Breaking down new and complex developments in the industry, Binance Research provides fact-based information and objective analysis, aiming to reduce misconceptions by helping both individuals and institutions understand the implications of developments in the space.

“Can JPM Coin disrupt the existing stablecoin market?” is the first of an upcoming series of industry analysis and market reports to come. This report details use cases and design of JPM Coin, as well as how it differs from other fiat-collateralized stablecoins in circulation.

Nine in-depth research reports have been published on Binance Research to date on various cryptocurrencies, including NPXS, IOST, BTT, LOOM and FET.

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Binance Research

Binance Research provides professional, data-driven insights and analysis for investors in the crypto space. Focused on the creation of institutional-grade crypto research reports, the goal of Binance Research is to increase the level of transparency and improve the quality of information within the crypto space.

About Binance

Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet and Charity.

Binance Exchange is the leading global cryptocurrency exchange, with users from over 190 countries and regions. Capable of processing more than 1.4 million orders per second, Binance Exchange is the largest crypto exchange by trade volume and one of the fastest in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike. For more information, visit: