Official announcement from Standard Chartered or credible financial news outlets

$800 Billion Standard Chartered to Launch Spot Trading Desk for Bitcoin and Ether

Jun 21, 2024, 09:56 AM

Standard Chartered is establishing a spot trading desk for Bitcoin and Ether, making it one of the first global banks to enter spot cryptocurrency trading. The trading desk will be based in London and will be part of the bank’s FX trading unit. The move signifies a significant step for the $800 billion banking giant into the cryptocurrency market. According to sources and a Bloomberg report, the new crypto desk is close to starting operations.