Standard Chartered Launches Direct Crypto Trading in UAE
- Standard Chartered has launched direct Bitcoin and Ethereum trading for affluent clients in the UAE.
- The service is available to Professional Investor clients following licensing approval from Dubai’s Virtual Assets Regulatory Authority.
- Clients can trade BTC and ETH directly through their existing bank accounts, with custody and settlement managed by Zodia Markets.
- This initiative marks the first crypto trading offering from an international bank in the UAE.
Standard Chartered’s new service allows its wealthy clients in the UAE to trade Bitcoin and Ethereum directly through their bank accounts, eliminating reliance on third-party platforms or wallets. The launch is part of a closed-loop model aimed at reducing exposure to third-party risks.
This development represents a significant milestone as Standard Chartered integrates digital assets into its core wealth offerings, enhancing security for clients seeking regulated crypto transactions. Source
