Standard Chartered Enters Crypto Trading With Bitcoin and Ethereum Spot Desk for Institutions
The post Standard Chartered Enters Crypto Trading With Bitcoin and Ethereum Spot Desk for Institutions appeared on BitcoinEthereumNews.com. TLDR: Standard Chartered now offers BTC/USD and ETH/USD spot trades for institutions. The trading desk operates under UK regulation via the FCA and includes custody options. Clients can trade crypto using familiar FX systems, no new onboarding required. The move makes it the first G-SIB bank to offer deliverable spot crypto trading. Standard Chartered has stepped into crypto trading, opening a direct path for institutions to trade Bitcoin and Ethereum in U.S. dollars. The bank’s new spot trading desk is now live through its UK branch and caters specifically to institutional clients. This move makes Standard Chartered the first globally systemically important bank offering deliverable spot crypto trading. It follows months of regulatory coordination and preparation. Institutional demand for regulated digital asset services appears to be rising fast. Standard Chartered Bank Enters the Crypto Arena The bank’s spot trading desk allows institutions to trade BTC/USD and ETH/USD directly using familiar FX systems. This service is tightly integrated with Standard Chartered’s trading platforms, meaning clients can access it without new onboarding. They can also choose to settle trades with third-party custodians or with Standard Chartered’s custody solution. The new offering builds on the bank’s existing crypto infrastructure, which includes custody through Zodia Custody and digital asset brokerage via Zodia Markets. With this latest launch, institutions now have a one-stop shop for both custody and trading, all within a traditional banking framework. Regulation and Risk Controls Are Central Standard Chartered is registered with the UK’s Financial Conduct Authority as a cryptoasset service provider. This gives clients access to regulated crypto trading supported by institutional-grade risk management and a strong balance sheet. The bank says this structure gives institutions confidence, especially in a space that has seen several high-profile failures. It also removes some of the key hurdles that firms face when trying…
The post Standard Chartered Enters Crypto Trading With Bitcoin and Ethereum Spot Desk for Institutions appeared on BitcoinEthereumNews.com.
TLDR: Standard Chartered now offers BTC/USD and ETH/USD spot trades for institutions. The trading desk operates under UK regulation via the FCA and includes custody options. Clients can trade crypto using familiar FX systems, no new onboarding required. The move makes it the first G-SIB bank to offer deliverable spot crypto trading. Standard Chartered has stepped into crypto trading, opening a direct path for institutions to trade Bitcoin and Ethereum in U.S. dollars. The bank’s new spot trading desk is now live through its UK branch and caters specifically to institutional clients. This move makes Standard Chartered the first globally systemically important bank offering deliverable spot crypto trading. It follows months of regulatory coordination and preparation. Institutional demand for regulated digital asset services appears to be rising fast. Standard Chartered Bank Enters the Crypto Arena The bank’s spot trading desk allows institutions to trade BTC/USD and ETH/USD directly using familiar FX systems. This service is tightly integrated with Standard Chartered’s trading platforms, meaning clients can access it without new onboarding. They can also choose to settle trades with third-party custodians or with Standard Chartered’s custody solution. The new offering builds on the bank’s existing crypto infrastructure, which includes custody through Zodia Custody and digital asset brokerage via Zodia Markets. With this latest launch, institutions now have a one-stop shop for both custody and trading, all within a traditional banking framework. Regulation and Risk Controls Are Central Standard Chartered is registered with the UK’s Financial Conduct Authority as a cryptoasset service provider. This gives clients access to regulated crypto trading supported by institutional-grade risk management and a strong balance sheet. The bank says this structure gives institutions confidence, especially in a space that has seen several high-profile failures. It also removes some of the key hurdles that firms face when trying…
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