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Standard Chartered Strengthens Its Presence in the Crypto Market with New Trading Service

Standard Chartered has officially launched a spot cryptocurrency trading service aimed at institutional and corporate clients.

This initiative is significant as it reflects the bank's commitment to integrating digital assets into its core financial offerings.

Launched through its London branch, the service currently supports trading in Bitcoin (BTC) and Ether (ETH).

According to the bank, this new trading capability is seamlessly incorporated within its existing trading infrastructure, facilitating a smoother experience for clients.

Institutional investors can access this service via foreign exchange platforms they are already familiar with, thus reducing onboarding challenges.

Moreover, clients have the flexibility to settle trades through a custodian of their choice, including Standard Chartered’s own proprietary solution.

Bill Winters, the bank's Group Chief Executive, emphasized the importance of digital assets for innovation and inclusion in financial services.

The launch builds upon prior steps taken by Standard Chartered, including a regulated crypto custody service introduced in the UAE.

By offering a comprehensive suite of digital asset services, including trading, custody, and tokenization, the bank aligns itself with evolving industry trends.

As demand for crypto services continues to rise, Standard Chartered’s expanded offerings position it as a key player in the growing digital asset landscape.