Global banking giant Standard Chartered has launched a new service that enables institutional and corporate clients to directly trade major cryptocurrencies.
The bank announced on Tuesday that it has begun offering spot trading for Bitcoin (BTC) and Ether (ETH) through its UK operations. This move marks a significant step in Standard Chartered’s efforts to expand its digital asset services.
Following the initial rollout, the bank intends to broaden its crypto product lineup by introducing non-deliverable forwards (NDFs)—a type of derivative contract that allows investors to speculate on crypto prices without direct asset ownership.
“Digital assets are a core component in the transformation of financial services,” said Bill Winters, CEO of Standard Chartered Group. “They open up new avenues for innovation, financial inclusion, and industry growth.”
Integrated Access and Flexible Custody Options
According to the announcement, the new trading service is integrated into Standard Chartered’s existing infrastructure, allowing clients to access crypto markets through familiar foreign exchange systems.
Clients will also be able to choose how and where their digital assets are stored. They can select third-party custodians or use Standard Chartered’s in-house custody solutions.
The move builds on the bank’s broader crypto strategy, which includes a regulated custody platform for Bitcoin and Ether launched in the UAE in 2023.
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