Standard Chartered Bank to Launch Bitcoin and Ethereum Trading Platform Actively Supporting Customer Demand
Bloomberg reported that Standard Chartered Bank is preparing to launch a trading platform for Bitcoin and Ethereum, becoming one of the first global banking institutions to offer spot trading of cryptocurrencies. Standard Chartered has not confirmed or denied this, but indicated that there is indeed demand from institutional clients of the bank, and Standard Chartered has been actively exploring and collaborating with various parties on this.
Standard Chartered Bank aims to launch a trading platform for BTC and ETH
Cryptocurrency community celebrates together
Standard Chartered actively engages with Bitcoin price
According to the report, Standard Chartered Bank is creating a cryptocurrency spot trading platform for buying and selling Bitcoin and Ethereum.
Bloomberg pointed out that this trading platform will be under the foreign exchange trading department of Standard Chartered Bank and will operate in London.
Interestingly, Standard Chartered did not respond clearly to this, only ambiguously stating that the bank’s customers do have relevant trading demands:
“We have been working closely with regulatory authorities to support our institutional and client demand for trading Bitcoin and Ethereum.”
And added, “This aligns with our strategy to support customers in a broader digital asset ecosystem, from custody to tokenization to tradability.”
Previously, most other banks only traded in cryptocurrency derivatives, which is why Standard Chartered’s move is being closely watched.
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However, even though Standard Chartered has not officially confirmed the authenticity of this news, the cryptocurrency community has already expressed excitement about this potential event.
First, Binance CEO Richard Teng welcomed Standard Chartered Bank’s entry into the cryptocurrency field on social media platform X.
Additionally, another user believes that Standard Chartered’s move is “an important step” and a significant recognition of the legitimacy of cryptocurrencies:
This may boost investors’ confidence, drive adoption, and consequently attract more funds.
As a supporter of digital asset custody institution Zodia Custody and its trading department Zodia Markets, Standard Chartered’s move is also the next step in entering the cryptocurrency field.
Similarly exploring the cryptocurrency field is Wall Street giant Goldman Sachs, with its Asia Pacific digital asset head Max Minton revealing in March this year that many of the company’s large clients have recently started exploring the cryptocurrency field:
The recent approval of a Bitcoin spot ETF has sparked interest among our clients and a resurgence of related activities.
On the other hand, Standard Chartered is also particularly interested in the cryptocurrency market and Bitcoin price, often releasing predictions for Bitcoin price every few months.
(
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Of course, as a multinational financial group, any comments and analyses publicly made about the market still need to be verified multiple times.
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