Summary
- Standard Chartered announced it will provide institutional investors with spot trading services for Bitcoin (BTC) and Ethereum (ETH).
- This service is reported as the first case of a major global bank offering spot virtual asset trading.
- The service will be launched at the United Kingdom branch, with the main client base targeted as asset management and investment firms.
Standard Chartered (SC) plans to provide spot trading services for Bitcoin (BTC) and Ethereum (ETH) to institutional investors.
According to CoinDesk on the 15th (local time), Standard Chartered will offer spot trading services for Bitcoin and Ethereum to institutional investors. This marks the first case of a major global bank providing spot trading services for virtual assets (cryptocurrencies).
The service will first launch at the United Kingdom branch and will be available during the trading hours of Asia and Europe. Depending on client demand, it will later be expanded to offer 24/5 trading services.
René Michau, Global Head of Virtual Assets at Standard Chartered, said, "We are the first among global banks to provide virtual asset trading," adding, "The main clients of the service will be global enterprises such as asset management firms and investment companies."
Son Min
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