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In its latest report, JPMorgan said that Binance's agreement with the US government is positive for both the crypto industry and the stock market. 
<h2 id="investment-giant-jpmorgan-publishes-report-on-binance-usa-agreement">Investment Giant JPMorgan Publishes Report on Binance-USA Agreement</h2> 
For the broader market, the exchange deal would significantly reduce the potential risk from a possible Binance collapse, the report said. 
Analysts led by Nikolaos Panigirtzoglou wrote that the deal also reinforces an ongoing shift toward regulated crypto assets and instruments that have been a target of U.S. authorities after the collapse of FTX. 
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While more regulation will help attract investors away from traditional finance, this shift towards regulated crypto companies and products is positive, the report said, citing the involvement of major asset managers such as Blackrock (BLK) and Fidelity in the approval of spot Bitcoin ETFs by the Securities and Exchange Commission (SEC). He stated that he supported this thesis. 
JPMorgan said the deal also reduces uncertainty surrounding the crypto exchange, which will benefit its trading and BNB Smart Chain business. 
He noted that Binance lost market share due to uncertainty on this issue. 
“The market share loss should be contained and perhaps partially reversed going forward as the effects of the deal on Binance's operations and business model become clearer,” analysts noted. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/investment-giant-jpmorgan-mentioned-the-binance-agreement-in-its-latest-report/">Investment Giant JPMorgan Mentioned the Binance Agreement in Its Latest Report!</a>

Investment Giant JPMorgan Mentioned the Binance Agreement in Its Latest Report!

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