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Standard Chartered Is Launching a Bitcoin Trading Platform

Standard Chartered Is Launching a Bitcoin Trading Platform
Standard Chartered is launching a spot Bitcoin trading desk in London, becoming one of the first major banks to offer direct Bitcoin trading.

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Standard Chartered, a global banking giant, is set to launch a spot trading desk for Bitcoin and Ether, becoming one of the first major banks to offer direct spot trading services for Bitcoin. The new Bitcoin trading desk, based in London, will be integrated into the bank's FX trading unit and is expected to start operations soon. This move comes as the bank aims to accommodate the increasing institutional demand for Bitcoin, with a spokesperson stating that they have been working closely with regulators to support demand from institutional clients. Standard Chartered already offers Bitcoin and cryptocurrency custody services and is a backer of Zodia Markets, which handles institutional Bitcoin and cryptocurrency trading. This development reflects the growing mainstream acceptance of Bitcoin, as institutional interest in the cryptocurrency continues to rise.

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