JP Morgan Reports Traders Moving Towards AI from Blockchain

  • 14% of surveyed traders are currently not trading crypto coins but plan to trade within 5 years. 
  • Reportedly, a total of 835 institutional traders participated in the survey from 60 global locations. 
  • Although, 72% of traders are not planning to trade crypto/digital coins.

JP Morgan’s e-Trading report clarified confusion regarding the most debated and trending topics about finance and crypto. The report disclosed the reviews of the traders and concluded that one of the topics was that 72% of traders were observed and they have no aim to trade crypto/digital coins.

Artificial Intelligence technology; the most trending topic  

In the same way, it has also disclosed the surveyed report on technology. It describes the views and opinions of several traders on Artificial intelligence technology and how traders are shifting towards artificial intelligence and machine learning technologies from blockchain to distributed ledger technology. 

JPMorgan Chase & Co. is an American multinational financial service provider based in New York. According to local news media, it is recognized as one of the largest banks in the United States. It has issued a report named ‘The e-Trading Edit Insights from the Inside,’ which is now in its 7th year. The most recent report was drawn in January and surveyed 835 institutional traders in 60 different locations globally. 

According to the report, 53 percent, more than half of institutional traders, believe that in the next 3 years, ‘Artificial Intelligence/ Machine Learning technologies will lead the future of trading, while 12% of the traders favor blockchain and distributed ledger technology. 

The reports mentioned, “53% of traders predicted ‘Artificial Intelligence/ Machine Learning’ technology to be the most influential in shaping the future of trading over the next 3 years, with ‘API Integration’ and ‘Blockchain/ Distributed Ledger Technology’ following.”


Source: e-Trading Edit Insights from the  Inside

According to the report, in the year 2022, artificial intelligence/machine learning technologies and blockchain /distributed ledger technology have equal interest of traders by 25%. 

However, mobile trading applications were intended to be the most influential technology to lead the future of trading. 29% percent of institutional traders believed the same. 

In the year 2023, the report describes that mobile trading applications and blockchain /distributed ledger technology percentages fell to 7% and 12%. 

Around 24% of traders shifted to artificial intelligence/machine learning technologies. 

Meanwhile, in the JP Morgans, several topics were surveyed, such as recession risk in 2023, three market structure concerns, interested traders in crypto and digital coins and many other topics. 

“Which of the following best describes your focus on crypto/digital assets?” The question asked the institutional traders, and according to the report, 72% of the traders stated that they have no plan to trade crypto or digital coin; the rest, 14% of traders noted that currently they do not have any scheme to trade but will think in the next 5 years.