JPMorgan Chase is exploring plans to offer loans backed by clients' cryptocurrency holdings, including bitcoin and ethereum, as early as next year, the Financial Times reported on Tuesday, citing people familiar with the matter.

JPMorgan Chase (JPM) plans to offer loans secured by clients' cryptocurrency holdings, specifically Bitcoin and Ethereum, as early as next year, t

The bank is reportedly considering allowing bitcoin and ethereum to back loans. Volatility in digital assets would make it a difficult market, according to payment experts.