Markets
Standard Chartered Builds Spot Bitcoin (BTC), Ether (ETH) Trading Desk: Bloomberg
Standard Chartered (STAN) is establishing a spot trading desk for buying and selling bitcoin and ether.
The new London-based office will begin operations soon and will be part of the bank’s foreign exchange trading unit, Standard Chartered told CoinDesk. The news was first reported by Bloomberg, citing people familiar with the matter.
“We are working closely with our regulators to meet our institutional clients’ demand to trade Bitcoin and Ethereum, in line with our strategy to support clients across the digital asset ecosystem, access and from curation to tokenization and interoperability,” Standard Chartered said. in an emailed statement.
The banking giant’s involvement in cryptocurrencies is now well established, as a backer of the digital asset custodian. Zodiac Guard and its exchange branch Zodiac Markets.
UPDATE (June 21, 1:55 p.m. UTC): Adds that Standard Chartered confirmed the news previously reported by Bloomberg to CoinDesk and provided the statement via email.