Global Financial Institution Expands Cryptocurrency Services for Institutional Clients

Standard Chartered has made a historic move by launching spot trading for both Bitcoin (BTC) and Ethereum (ETH) for institutional clients in the United Kingdom. This groundbreaking decision makes Standard Chartered the first globally systemic important bank to offer such services.

The bank revealed that it will soon introduce non-deliverable forwards (NDFs), further expanding its crypto trading offerings. According to the CEO Bill Winters, the bank aims to provide a secure and efficient means for clients to transact, trade, and manage digital asset risk safely within regulatory requirements.

Source: www.coinspeaker.com