Standard Chartered launches spot trading in Bitcoin and Ether for institutional clients in the UK
Standard Chartered has announced the launch of spot trading in Bitcoin and Ether through its UK-based division for institutional clients, in response to growing demand for crypto assets.
The UK-headquartered financial institution said on Tuesday it had become the first systemically important bank in the world to offer secure, regulated, and scalable access to spot trading in the two leading cryptocurrencies.
Institutional clients — including corporations, investment funds, and asset managers — can now trade digital assets through familiar foreign exchange interfaces. Non-deliverable forward trading will also be offered in the near future, according to the bank's statement.
“As client demand continues to grow, we aim to provide them with safe and efficient tools for transacting, trading, and managing risks related to digital assets within a regulated framework,” said Standard Chartered CEO Bill Winters.