Standard Chartered Launches Cryptocurrency Trading for UAE Clients
- Standard Chartered introduces a trading solution for Bitcoin and Ethereum for affluent clients in the UAE.
- This service is the first of its kind from an international bank in the UAE, regulated by VARA.
- Eligible clients can trade within a closed-loop system with institutional custody, reducing third-party risks.
- The launch targets Professional Investor clients initially, with plans for future expansion.
This development reflects growing client interest in digital assets and aligns with the UAE’s innovative regulatory environment. Standard Chartered aims to provide secure access to cryptocurrencies while leveraging its established wealth management services and partnerships.
The introduction of this trading solution highlights Standard Chartered’s commitment to becoming a leader in digital asset offerings within its global wealth hubs. (Source)
