Standard Chartered Bank Launches Bitcoin and Ethereum Spot Trading Services for Institutional Clients

On July 15, Reuters reported that Standard Chartered Bank has launched Bitcoin and Ethereum spot trading services for institutional clients through its UK branch to meet the growing demand for crypto assets. The UK-based bank is reportedly the first global systemically important bank to provide secure, compliant, and scalable Bitcoin and Ethereum spot trading services.
Standard Chartered Bank stated that institutional clients, including companies, investors, and asset managers, can now trade digital assets through a familiar foreign exchange trading interface and will provide non-deliverable forward trading services in the future. Standard Chartered CEO Bill Winters emphasized that as customer demand further accelerates, Standard Chartered hopes to provide customers with a safe, efficient, and regulatory-compliant digital asset trading and risk management path. [PANews]