UK-Based Banking Giant Announces Launch of Bitcoin and Ethereum Spot Trading Service for Corporate Customers! Details Here

UK-based banking giant Standard Chartered has launched a Bitcoin and Ethereum spot trading service for its corporate clients. The bank aims to meet the growing institutional demand for crypto assets.

Standard Chartered Launches Bitcoin and Ethereum Spot Trading for Corporate Clients

Standard Chartered announced today that it has become the first global systemically important bank to offer regulatory-compliant, secure, and scalable spot trading access. The services will be provided through the bank's UK branch.

Under the new service, institutional clients, including corporations, investors, and asset managers, will be able to execute Bitcoin (BTC) and Ethereum (ETH) transactions through traditional foreign exchange (FX) interfaces. The bank also plans to offer non-delivery forward (NDF) services soon.

Standard Chartered CEO Bill Winters made the following statement on the subject:

“As customer demand grows rapidly, we want to provide a way for them to conduct digital asset transactions safely and efficiently within regulatory frameworks.”

This move is considered a significant step in legitimizing crypto assets within the traditional financial world. The bank's move towards digital assets also demonstrates continued institutional interest in the crypto market.

*This is not investment advice.