The Standard Charter said this is the first global bank to offer the spot bitcoin and ether trading
Cryptocurrency-Friendly Lender Standard Chartered claims pride rights to be the first global bank offering spot trading in Bitcoin
and Ether (Et) to institutional clients.
The offer, combined with the Bank’s UK branches, was first available through our UK Entity, during the Asia and Europe trading hours, with a 24/5 access to under the regard as the client’s demand was emerging, Rene Michau, global leader of digital assets, said.
“The standard chartered is the first global systematic important bank to offer cryptoasset trading.” Michau said in an email. “We referred to institution clients as financial institutions such as assets and investors managers, and large multinational companies of our corporate clients and investment in the banking division.”
The standard chartered is involved in crypto and digital assets within a few hours. The bank is now offering the digital ownership and trading through the Corporate and Investment Bank, and through companies that invested Stanchart, such as Zodia Custody and Zodia Markets. It also offers digital asset tokenization services, through the company’s portfolio Libeara.
The new service is integrated with existing chartered trade platforms, allowing corporations, asset managers and institutional investors to access crypto markets through familiar FX interfaces. Clients can settle in trading with a guardian of their choice, including the in-house service of chartered precautionary services.
The focus for now stays at BTC and Eth Spot Trading with plans to expand the services suite for these assets with the introduction of non -delivered forward (NDFS) Trading, Michau said.
