JPMorgan Chase closes corporate account of crypto exchange ShapeShift

JPMorgan Chase has closed the corporate account of Swiss cryptocurrency exchange ShapeShift and notified its head of marketing, Houston Morgan, that his personal account will also be closed this week, The Block reported. Morgan stated that the bank informed him it was terminating the relationship to protect the financial institution. Previously, JPMorgan Chase closed the account of Strike CEO Jack Mallers without warning.