Standard Chartered Bank has announced the launch of Bitcoin and Ethereum spot trading services through its UK branch, catering to the growing demand for digital assets among institutional clients. This move makes Standard Chartered the first globally systemically important bank to offer a secure, regulated, and scalable channel for deliverable spot trading of Bitcoin and Ethereum.
The bank's statement highlighted that institutional clients such as corporations, investors, and asset management companies can now trade digital assets via a foreign exchange interface. Additionally, the bank plans to introduce non-deliverable forward trading soon.
CEO Bill Winters emphasized that as client demand continues to grow, the bank aims to provide ways for clients to safely and efficiently handle, trade, and manage digital asset risks within regulatory requirements.
