Standard Chartered Launches Spot Trading for Bitcoin and Ethereum in UAE
- Standard Chartered has initiated spot trading of bitcoin and Ethereum for institutional clients in the United Arab Emirates.
- Clients can execute trades via existing electronic channels and opt for physical delivery of the assets.
- The bank is the first global systemically important bank to offer such services in the UAE.
- Trades can be settled through Standard Chartered’s digital asset custody service or another custodian of choice.
- The service complements Standard Chartered’s existing custody business launched in September.
This launch marks a significant step in expanding institutional access to cryptocurrency markets, allowing clients to trade directly with physical asset delivery. The integration into existing trading infrastructure enhances usability for clients familiar with traditional asset trading.
With this new offering, Standard Chartered aims to support institutional clients in navigating the evolving landscape of digital assets and decentralized finance.(Source)
