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CDS Crypto News Breaking Crypto News – Will Standard Chartered Spot BTC and ETH Trading Desk be a Game-Changer?

Crypto News

Breaking Crypto News – Will Standard Chartered Spot BTC and ETH Trading Desk be a Game-Changer?

lectertodd21/06/20241 Mins read111

Breaking Crypto News - Will Standard Chartered Spot BTC and ETH Trading Desk be a Game-Changer

Breaking Crypto News – Analyzing Bloomberg’s Report on Standard Chartered’s Spot BTC and ETH Trading Desk

Breaking Crypto News – Bloomberg said on Friday that Standard Chartered (STAN) is setting up a spot trading desk for the purchase and sale of ether and bitcoin. According to the article, which cites people with knowledge of the situation, the bank’s FX trading unit will incorporate the new London-based desk when it opens for business.

We have been working closely with our regulators to support demand from our institutional clients to trade Bitcoin and Ethereum, in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability,
Standard Chartered

Standard Chartered was among the first international banks to provide spot bitcoin trading, even though other institutions have been dealing with cryptocurrency derivatives for some time. This can be seen as an important step that will put it ahead of its competitors in the long run.

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