Standard Chartered opens crypto trading for corporate customers

The Multinational Bank Standard Chartered has introduced a spot trade service for the most important cryptocurrencies, which enables institutional and corporate customers to act directly through their British branch.

The step marks an important step in the broader strategy of the bank for digital assets and aims to meet the growing institutional demand for regulated crypto engagement, reports Cointelegraph.

It is expected that this spot service will follow unavailable appointments (NDFS) that offer more demanding hedging instruments for professional investors.

Seamless integration with FX platforms and flexible custody options

The crypto trade service is fully integrated into the existing currency infrastructure of Standard Chartered, so that customers can carry out crypto shops via familiar interfaces. Institutions can also choose from several crypto customer providers, including the bank's own custody solution. This flexibility supports the different customer needs and adheres to the different regulatory standards in the different countries. Standard Chartered attaches importance to seamless user experience to simplify the introduction of cryptocurrencies at large financial institutions.

Crypto innovation as the core of the strategy of Standard Chartered

Bill Winters, CEO of Standard Chartered, underlined the bank's long -term view of digital assets and described it as “fundamental” for the future of financial services. He emphasized the role of cryptocurrencies in promoting innovation, financial inclusion and industry growth. The bank continuously expanded its crypto infrastructure, including the introduction of regulated Bitcoin and Ether custody in the United Arab Emirates last year. This latest expansion consolidates the position of Standard Chartered as one of the few global banks that offer end-to-end crypto services for institutional customers.

We recently wrote that Gemini its investors in the European Union offered 14 new tokenized US shares and thus continues its push into regulated digital shares.