6 hours ago
Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the archetypal planetary slope to connection spot trading successful bitcoin (BTC) and ether (ETH) to organization clients.
The offering, rolled retired done the bank’s UK branches, is disposable initially via our UK entity, during Asia and Europe trading hours, with 24/5 entree nether information arsenic lawsuit request evolves, said Rene Michau, planetary caput of integer assets.
“Standard Chartered is the archetypal planetary systemically important slope to beryllium offering cryptoasset trading.” Michau said successful an email. “We specify organization clients arsenic fiscal institutions specified arsenic plus managers and investors, and ample multinational companies who are clients of our firm and concern banking division.”
Standard Chartered has been progressive successful crypto and integer assets for immoderate time. The slope present offers integer assets custody and trading done its firm and concern bank, and done the companies StanChart invested in, specified arsenic Zodia Custody and Zodia Markets. It besides offers integer plus tokenization services, done its portfolio institution Libeara.
The caller work is integrated into Standard Chartered’s existing trading platforms, allowing corporates, plus managers and organization investors to entree crypto markets done acquainted FX interfaces. Clients tin settee trades to a custodian of their choice, including Standard Chartered’s in-house custody service.
The absorption for present volition stay connected BTC and ETH spot trading with plans to grow the services suite for these crypto assets including the instauration of non-deliverable forwards (NDFs) trading, Michau said.
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