StanChart launches bitcoin, ether spot trading for institutional clients

Standard Chartered has launched spot trading for bitcoin and ether via its UK branch to meet the increasing demand for crypto assets among institutional clients.

The UK-based bank announced on Tuesday that it is the first global systemically important bank to provide secure, regulated, and scalable access to spot trading in bitcoin and ether.

StanChart announced that institutional clients, such as corporates, investors, and asset managers, can now trade digital assets using familiar FX interfaces and will soon have access to non-deliverable forwards trading.

“As client demand accelerates further, we want to offer clients a route to transact, trade and manage digital asset risk safely and efficiently within regulatory requirements,” Chief Executive Bill Winters said in the statement.