Standard Chartered Launches Spot Trading for Bitcoin and Ether for Institutional Clients

In a surprising move, British banking giant Standard Chartered has launched its spot trading service for cryptocurrencies Bitcoin and Ether, aimed exclusively at institutional clients. This marks the first time a bank of Standard Chartered’s stature offers regulated access to these digital assets through its trading platform.

The decision to enter the crypto market comes amid growing interest from major investors, pension funds, and other institutional entities. Despite the inherent volatility of these assets, Standard Chartered expects this move to strengthen its position in the global financial sector and attract clients looking to diversify their portfolios with digital assets. This marks a significant shift in how large banks view cryptocurrencies.