Standard Chartered Is Building a Spot BTC, ETH Trading Desk

UnmuteStandard Chartered is establishing a spot trading desk for buying and selling bitcoin and ether.

The new London-based desk will start operations soon and be part of the bank's FX trading unit, Standard Chartered told CoinDesk. The news was first reported by Bloomberg, citing people familiar the matter. “We have been working closely with our regulators to support demand from our institutional clients to trade Bitcoin and Ethereum, in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability,” Standard Chartered said in an emailed statement.

Adds that Standard Chartered has confirmed the news earlier reported by Bloomberg to CoinDesk and provided the statement via email.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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