Standard Chartered Launches Bitcoin and Ether Trading for Institutions
Standard Chartered, a leading multinational bank, has unveiled a new service that allows institutional and corporate clients to trade Bitcoin (BTC) and Ether (ETH). This initiative represents a pivotal advancement in bridging digital assets with conventional financial systems.
Spot Trading and Upcoming Crypto Derivatives
The bank has commenced spot trading for Bitcoin and Ether via its UK operations. It also plans to introduce crypto derivatives, such as non-deliverable forwards (NDFs), in the near future. These steps underscore the bank’s dedication to fostering innovation within the digital asset space.
Customizable Custody Options for Enhanced Security
Participants can execute trades using the bank’s established forex platforms. They are also afforded the liberty to select their custodian of choice, which includes Standard Chartered‘s proprietary custody services. This adaptability ensures the safekeeping of digital holdings.
Expert Perspectives on the Future of Digital Assets
“The integration of digital assets is revolutionizing the financial sector,” remarked Bill Winters, Group Chief Executive at Standard Chartered. “They are instrumental in unlocking new avenues for innovation and sector-wide expansion.”
Essential Features of the New Service
- Immediate access to Bitcoin and Ether spot trading
- Anticipated rollout of crypto derivatives, including NDFs
- Freedom to choose from multiple custody providers
- Seamless integration with current banking infrastructure
