September 12, 2017 / 6:12 PM / 2 months ago

JPMorgan's Dimon says bitcoin trading 'is a fraud'

NEW YORK, Sept 12 (Reuters) - Bitcoin trading “is a fraud” and will blow up, Jamie Dimon, chief executive officer of JPMorgan Chase & Co said on Tuesday.

Speaking at an investor conference in New York, Dimon also said JPMorgan’s third-quarter trading revenue will down about 20 percent from a year earlier, in line with analysts’ expectations. (Reporting by David Henry in New York)

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