Standard Chartered Launches Spot Trading Desk for Bitcoin and Ether in London

Jun 21, 2024, 09:17 AM

Standard Chartered Plc is launching a spot trading desk for Bitcoin and Ether, becoming one of the first global banks to enter spot cryptocurrency trading. The new desk will be based in London and will be part of the bank’s FX trading unit. The operations are set to begin soon, marking a significant move for the bank into the cryptocurrency market. Sources say the setup is confirmed, and a Bloomberg report also highlighted this development.