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Standard Chartered Launches Spot Trading for Bitcoin and Ether Via UK Branch
In a groundbreaking move, global bank Standard Chartered has announced the launch of spot trading for Bitcoin (XBT/USD) and Ether (XET/USD) via its United Kingdom (UK) branch. This initiative marks a significant milestone in the banking giant’s efforts to integrate digital assets into its traditional finance services.
As part of this new offering, institutional clients will now be able to buy and sell these cryptocurrencies on a spot basis, allowing for greater flexibility and control over their investments. This move demonstrates Standard Chartered’s commitment to embracing innovation and staying ahead of the curve in the rapidly evolving cryptocurrency market.
In a statement, Bill Winters, Group Chief Executive of Standard Chartered, emphasized the importance of digital assets in enabling new pathways for innovation, growth, and inclusion across the industry. He added that the bank wants to offer clients a secure and efficient way to trade and manage their digital asset risk within regulatory requirements.
Tony Hall, Global Head of Trading and XVA at Standard Chartered, further reiterated the bank’s commitment to applying global expertise, infrastructure, and risk management frameworks to ensure client trust and confidence in this new service.
Source: coinpedia.org
