Standard Chartered has launched spot trading services for Bitcoin and Ether, positioning itself as the first global systemically important bank to offer cryptocurrency trading for institutional digital assets clients including corporates, investors and asset managers. Another systemically important bank, Goldman Sachs, offers crypto derivatives, but we don’t believe it provides spot trading.
London-headquartered StanChart announced the service will operate through its UK branch, with plans to introduce non-deliverable forwards trading in the near future. The offering integrates with Standard Chartered’s existing foreign exchange platforms, allowing institutional clients to trade cryptocurrencies through familiar interfaces while settling to their preferred custodian.
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