Standard Chartered is making a splash by diving into spot crypto trading, allowing you to buy and sell Bitcoin and Ether directly. And yes – this is a big deal.
This makes it one of the first global banks to venture into spot crypto trading, which has been traditionally overshadowed by crypto derivatives. The new trading desk will operate from London and will be part of the bank’s FX trading unit, starting operations soon.
Read more about this below.
According to Bloomberg, Standard Chartered has been working closely with regulators to ensure compliance, addressing the growing demand from institutional clients to trade Bitcoin and Ethereum. This move supports the bank’s strategy to help clients across the digital asset ecosystem, offering services like access, custody, tokenization, and interoperability.
The global banking giant has been diving into different crypto-related fields. Recently Mastercard and Standard Chartered Hong Kong completed its first live experiment on the tokenization of deposits using the Mastercard Multi-Token Network (MTN).
Notably, Standard Chartered holds stakes in digital asset firms, Zodia Custody and Zodia Markets and has offered crypto custody and institutional crypto trading through them.
Standard Chartered has updated its 2024 Bitcoin price prediction to $150,000, up from $100,000. They believe the price could stabilize around $200,000 after this peak, with a potential all-time high of $250,000 by 2025.
Also Read: Crypto Market Crash: Whales Are Targeting These Three Altcoins
With Standard Chartered offering a new entry point, is it time to consider adding crypto to your investment portfolio?
If you blinked this week, you missed a lot. There’s been a wave of chaos! …
Among the standout presales, BTC Bull Token (BTCBULL) and Solaxy (SOLX) are gaining strong traction. BTC Bull Token merges…
Asset management giant BlackRock made major moves today, purchasing $240 million worth of Bitcoin and…
Story Highlights The live price of the BRETT memecoin is . Brett (BASED) price could…
The $TRUMP memecoin has been making waves in the crypto world, especially following a recent…
XRP News April 26th: Sistine Research’s latest XRP price prediction has stirred strong reactions across…