Key Takeaways:
- Standard Chartered becomes the first global systemically important bank to offer spot Bitcoin and Ether trading to institutional clients.
- The bank’s UK branch integrates crypto trading with existing FX platforms, offering familiar interfaces and regulated settlement.
- This move signals growing institutional demand amid bullish forecasts, with Bitcoin eyeing $135K–$200K by year-end.
In a landmark shift for institutional crypto adoption, Standard Chartered has unveiled spot trading for Bitcoin and Ether through its UK operations. The announcement comes as digital asset markets rebound and institutional interest surges, propelled by favorable regulatory momentum and record-high crypto prices.
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Standard Chartered Enters the Crypto Arena
One of the world’s most popular multinationals banks, Standard Chartered, has officially announced that spot trading for Bitcoin (BTC) and Ether (ETH) has gone live, and will cater to its institutional clientele. The launch puts the bank at the front of the pack for global systemically important banks with a regulated, deliverable spot crypto trading arrangement, a bold move in a world where corporate treasuries, asset managers and hedge funds want increasing exposure in that area.
The offering looks to meet the needs of institutional customers who have large funding allocations and wish for direct exposure to crypto, within a regulated, institutional grade environment. The bank’s crypto trading services are deeply integrated with its current foreign exchange (FX) infrastructures, ensuring that it is simple for its traditional banking clients to make the move into the digital world of finance.
“As demand accelerates, we’re building the bridge between traditional finance and the digital asset ecosystem,” said Bill Winters, Standard Chartered’s CEO.
What’s Offered: Beyond the Usual Crypto Desk
Familiar Tools, Regulated Framework
Clients can now trade BTC and ETH against the US dollar directly via Standard Chartered’s FX interfaces, the same systems they’ve long used for currency trading. Settlement options are flexible, and clients can use their own preferred custodian, including the bank’s own Zodia Custody, a subsidiary established to protect digital assets.
This seamless integration, which is the first of its kind, provides clients the ability to trade crypto while still managing FX and…
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