Standard Chartered to Launch a Spot Bitcoin and Ether Trading Desk

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Standard Chartered is venturing into the buying and selling of Bitcoin and Ether through the establishment of a spot trading desk. The new desk will be based in London and will fall under the bank’s FX trading unit.

According to Bloomberg, who cited individuals familiar with the matter, the desk is expected to start operating in the near future.

Standard Chartered will be one of the few global banks to offer spot cryptocurrency trading, with others mainly focusing on derivative trading for digital assets.

In an email statement, Standard Chartered stated that they have been working collaboratively with regulatory bodies to fulfill the demand from their institutional clients to trade Bitcoin and Ether.