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Standard Chartered Breaks Ground: $116K Bitcoin Spurs First Global Bank-Backed Spot Trading
In a move set to shatter the mold of traditional banking, Standard Chartered has officially announced the launch of spot trading for Bitcoin and Ether through its UK operations. This groundbreaking decision marks the first time a global systemically important bank has ventured into institutional-grade spot crypto trading.
The bank’s bold move comes as the digital asset market surges, with Bitcoin eyeing new highs of $135K to $200K by year-end. Institutional investors, including corporate treasuries, asset managers, and hedge funds, are seeking ways to seamlessly integrate digital assets into their portfolios.
By integrating crypto trading with existing FX platforms, Standard Chartered’s offering provides familiar interfaces and regulated settlement for institutional clients. This move is a significant step forward in the maturation of the crypto market, highlighting growing demand amid bullish forecasts.
In an exclusive statement, Bill Winters, Standard Chartered’s CEO, emphasized that this new development aims to bridge the gap between traditional finance and the digital asset ecosystem.
Source: www.cryptoninjas.net
