CDS Crypto News Breaking Crypto News – The Impact of Standard Chartered Trading Desk on the Market
Crypto News

Breaking Crypto News – The Impact of Standard Chartered Trading Desk on the Market

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Breaking Crypto News - The Impact of Standard Chartered Trading Desk on the Market

Breaking Crypto News – Exploring the Potential Benefits of Standard Chartered Trading Desk

Breaking Crypto News – A trading desk for Ether and Bitcoin may be in the works at multinational bank Standard Chartered. The bank would be among the first international financial institutions to offer spot cryptocurrency trading if this were to be implemented.

The crypto desk is scheduled to launch on June 21, according to a report by Bloomberg. According to a rumor citing unnamed insiders, the service will be run out of London, United Kingdom, and fall under the purview of the bank’s FX trading section.

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.

The Standard Chartered representative

The Community Welcomed This Possible Development

The action has not been confirmed by Standard Chartered, but the cryptocurrency community applauded the possible advancement. According to an X user, the action might be a “significant step” and a key validation of cryptocurrency’s increasing acceptability. Moreover, the user thinks this could encourage uptake and bolster investor confidence.

Similar to the previous comment, another user stated that the new development may lead to more acceptability of BTC and ETH trading in the general public. The global bank was welcomed into the cryptocurrency space by Binance CEO Richard Teng, who was on X at the time.

The Community Welcomed This Possible Development
Breaking Crypto News - The Impact of Standard Chartered Trading Desk on the Market 1

FAQ

What is a Trading Desk?

A space set aside for the sale and purchase of particular items in a bank, investment business, or trading floor is called a trading desk. For the FX, fixed income, commodities, and equity markets, many institutions have different trading desks.

What Does the Company Standard Chartered Do?

The company offers services such as wealth management, Islamic banking, private banking, e-banking, investment consulting, transactional banking, and mergers & acquisitions counselling.

For more up-to-date crypto news, you can follow Crypto Data Space.

Breaking Crypto News - The Impact of Standard Chartered Trading Desk on the Market
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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