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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Standard Chartered Enters Crypto Trading — First Big Bank To Offer Deliverable BTC, ETH To Institutions

Standard Chartered Bitcoin Ethereum Tony Hall
Warsaw,,Poland,-,July,27,,2021:,View,Of,Standard,Chartered

Standard Chartered PLC launched digital assets spot trading for institutional clients on Monday, marking a watershed moment as the first global systemically important bank to offer deliverable Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trading services.

What Happened: The London-based bank now provides spot trading for Bitcoin and Ethereum through its UK branch, with plans to introduce non-deliverable forwards trading soon. The service targets institutional clients, including corporates, investors and asset managers.

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