Skip to content

Standard Chartered Is Building a Spot BTC, ETH Trading Desk

Standard Chartered Is Building a Spot BTC, ETH Trading Desk
The new London-based desk will start operations soon and be part of the bank's FX trading unit.

Table of Contents

Standard Chartered is set to launch a spot trading desk for buying and selling Bitcoin and Ethereum, making it one of the first global banks to enter spot cryptocurrency trading. The new London-based desk will be part of the bank's FX trading unit and is expected to start operations soon. The bank has confirmed that it has been working closely with regulators to support demand from institutional clients to trade Bitcoin and Ethereum. Standard Chartered is also a backer of digital asset custodian Zodia Custody and its exchange arm Zodia Markets. This move further solidifies the banking giant's involvement in the cryptocurrency industry.

Source

Latest