- Standard Chartered launched spot trading for Bitcoin and Ether for institutional clients.
- The service operates through its UK branch and connects to existing foreign exchange platforms.
- The bank is registered as a cryptoasset provider with the UK’s Financial Conduct Authority (FCA).
- Standard Chartered already has digital asset custody operations in several countries, including Luxembourg.
- The bank is active in cryptocurrency infrastructure, working with partners and developing its own crypto-focused businesses.
Standard Chartered has started offering spot trading services for Bitcoin and Ether to institutional clients. The new service, announced in London, will be available through the bank’s UK branch. It targets corporations, investors, and asset managers looking for direct trading of digital assets.
The new trading service is integrated into Standard Chartered’s existing foreign exchange platforms. Institutional clients can trade cryptocurrencies using familiar interfaces and settle transactions with their chosen custodians. The bank also plans to introduce trading in non-deliverable forwards, which are contracts agreeing to buy or sell an asset at a future date without physical delivery.
As a registered cryptoasset provider with the UK’s Financial Conduct Authority (FCA), Standard Chartered aims to make it easier for institutions to enter the crypto market. The bank’s Group CEO, Bill Winters, stated, “Digital assets are a foundational element of the evolution in financial services. They’re integral to enabling new pathways for innovation, greater inclusion and growth across the industry.”
Standard Chartered already offers digital asset custody services that cover various jurisdictions, including Luxembourg. The bank is involved in several cryptocurrency partnerships, such as working with Paxos, FalconX, and StraitsX, to provide banking services to crypto firms and stablecoin issuers.
Through its venture arm, SC Ventures, Standard Chartered has founded several independent companies focused on digital assets. These include Zodia Custody, Zodia Markets, and the tokenized fund platform Libeara. The bank has also invested in platforms supporting institutional digital assets, like Europe’s SWIAT for tokenized assets and Singapore’s Partior for cross-border payments.
According to public reports, other major banks like Goldman Sachs have offered crypto derivatives, but have not provided direct spot trading services for cryptocurrencies. The launch by Standard Chartered marks a first among the world’s biggest systemically important banks, broadening institutional access to the digital asset market.
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