Major Financial Institution, Standard Chartered, Introduces Bitcoin and Ether Cryptocurrency Trading for Large-Scale Customers

Standard Chartered, a leading global bank, has announced the launch of spot trading for Bitcoin and Ether through its UK division. This move marks a significant step towards integrating digital assets into the bank's existing platforms, positioning Standard Chartered at the forefront of the digital asset revolution.

The new service is currently available for institutional and corporate clients, allowing them to trade major cryptocurrencies directly. This service provides access to more than 50 global financial markets, including the NASDAQ, London Stock Exchange, and Tokyo Stock Exchange. However, it's important to note that the bank's access to these markets has not been reported to have changed.

The service can be accessed directly from an EXANTE account, offering clients a seamless trading experience. Among the custody options available for digital assets are Standard Chartered's in-house solutions and Zodia Custody. Customers can select from various custody options to suit their needs.

CEO Bill Winters views digital assets as a "foundational element of the evolution in financial services." He believes that these assets are driving innovation and growth in the financial sector. Winters' vision aligns with the bank's strategy to leverage digital assets to enhance its services and cater to the evolving needs of its clients.

Initially, the service will be available during Asian and European trading hours. Whether 24/5 access will be added depends on demand. It remains unclear if the 24/5 access will be expanded beyond these hours.

It's worth noting that the institution offering digital securities like Bitcoin and Ether directly to institutional and corporate clients through their existing platforms is not explicitly named in the provided search results. However, reputable platforms that provide cryptocurrency trading services to such clients include Bitpanda, Trade Republic, eToro, Kraken, Bison, and Scalable Capital.

At this stage, the service is available only for institutional and corporate clients. It remains to be seen if the bank will extend this service to retail clients in the future. Standard Chartered has not provided any information about potential changes to the service's availability for institutional and corporate clients.

In conclusion, Standard Chartered's entry into the digital asset market is a significant development. By offering spot trading for Bitcoin and Ether, the bank is demonstrating its commitment to embracing digital assets and leveraging them to enhance its services. As the market continues to evolve, it will be interesting to see how Standard Chartered's strategy unfolds.

Major Financial Institution, Standard Chartered, Introduces Bitcoin and Ether Cryptocurrency Trading for Large-Scale Customers