Standard Chartered PLC launched digital assets spot trading for institutional clients on Monday, marking a watershed moment as the first global systemically important bank to offer deliverable Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trading services.
What Happened: The London-based bank now provides spot trading for Bitcoin and Ethereum through its UK branch, with plans to introduce non-deliverable forwards trading soon. The service targets institutional clients, including corporates, investors and asset managers.
“Digital assets are a foundational element of the evolution in financial services,” said Bill Winters, Group Chief Executive of Standard Chartered. “As client demand accelerates further, we want to offer clients a route to transact, trade and manage digital asset risk safely and efficiently within regulatory requirements.”
The …