Key Takeaways
- Standard Chartered says it is the first global systemically important bank to offer deliverable spot crypto trading to institutional clients.
- The service allows institutional clients to trade Bitcoin and Ether through integrated and regulated platforms.
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Standard Chartered has rolled out its digital assets trading services for institutional clients, becoming the first global systemically important bank to offer deliverable spot trading for Bitcoin and Ether through its UK branch, according to a Tuesday announcement.
The bank’s new service provides spot trading pairs for Bitcoin (XBT/USD) and Ether (XET/USD), with plans to introduce non-deliverable forwards trading.
With the offering, institutional clients, such as corporates, investors, and fund managers, will be able to trade crypto assets through standard FX interfaces from Standard Chartered.
“Digital assets are a foundational element of the evolution of financial services. They’re integral to enabling new pathways for innovation, greater inclusion and growth across the industry,” said Bill Winters, Group Chief Executive of Standard Chartered, in a statement.
Institutional clients can settle trades with their preferred custodians, including Standard Chartered’s digital assets custody solutions. As an FCA-registered crypto asset service provider, the bank offers regulated services backed by institutional-grade risk controls and its trading platform.
“We are applying our global expertise,…
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