Standard Chartered Launches Spot Bitcoin and Ether Trading in the UAE
Standard Chartered has become the first global systemically important bank (G-SIB) to offer spot trading of Bitcoin and Ether for institutional clients in the United Arab Emirates. The service allows eligible institutions to trade BTC and ETH via electronic channels integrated into existing platforms, enabling access through familiar foreign exchange interfaces. The move expands Standard Chartered's digital asset offerings in the UAE, where it previously launched custody services in September 2024. Clients can settle trades using a custodian of their choice, including the bank’s own platform. This follows similar institutional spot trading launches by its UK branch earlier this year.
Topics: cryptocurrency digital_assets institutional_investing