JPMorgan’s Blockchain Numbers: What Public Data Shows

JPMorgan announced on October 19 that it was bringing JPM Coin to Ethereum and cited $7 billion in average daily volume and more than $4 trillion in cumulative Kinexys transactions, saying only that the figures came from internal data and giving no product breakdown or averaging period. Kinexys is the bank’s blockchain business, combining deposit accounts, JPM Coin, tokenized fund JLTXX and repo, whose measures mix flows, balances and turnover. A November 4 check showed the Ethereum contract with zero supply and holders, while Base held 1,001,000 JPMD across two addresses. JLTXX reported $148.8 million in September net redemptions.