Standard Chartered Ventures Into Cryptocurrency Trading Space - CryptoInfoNet

Standard Chartered Ventures Into Cryptocurrency Trading Space – CryptoInfoNet

Standard Chartered Bank

Image Courtesy of Standard Chartered

The major British financial institution, Standard Chartered, has established a real-time cryptocurrency trading desk in London, targeting institutional clientele focusing on prominent digital currencies such as Bitcoin and Ethereum.

This dedicated crypto trading service, a part of the bank’s existing Forex (FX) operations, mirrors the surging interest from institutional clients and illustrates a substantial shift towards the integration of digital assets within traditional bank services.

Standard Chartered’s initiation into the crypto world underscores their commitment to comply with regulatory frameworks and their intention to play a supporting role in the broader sphere of digital assets, including offering access, secure storage, tokenization, and cross-platform operability.

The bank’s involvement with cryptocurrencies extends into strategic partnerships with digital asset businesses such as Zodia Custody and Zodia Markets, along with the recent creation of a blockchain-dedicated entity, Libeara, within its innovation arm, SC Ventures.

Moving away from the conventional approach of focusing on cryptocurrency derivatives, Standard Chartered has indicated a substantial dedication to the field of digital assets through the initiation of direct cryptocurrency spot trading.

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