Standard Chartered officially offers cryptocurrency trading services for institutional clients, expanding access to Bitcoin and Ethereum through a secure, compliant platform.
This bank provides a solution allowing institutional investors to directly trade the two largest cryptocurrencies while planning to roll out additional related derivative products soon.
MAIN CONTENT
How did Standard Chartered launch its cryptocurrency trading service?
The new service operates on a secure platform, complies with regulations, and allows for flexible coin storage.
The bank will soon add cryptocurrency derivative products, promoting the application of digital finance.
How has Standard Chartered opened its cryptocurrency trading service?
Standard Chartered facilitates institutional clients in accessing and trading Bitcoin and Ethereum through a legally compliant and highly secure trading platform.
The new service from the UK bank allows the use of trading tools similar to foreign exchange and offers options for coin storage right at the bank or with a trusted third party. This move marks a significant step as a leading traditional financial institution deepens its involvement in the cryptocurrency market.
What does this mean for digital finance?
Bill Winters, CEO of Standard Chartered, asserts that digital assets are becoming increasingly essential for the future of the global financial system.
"We are committed to providing our clients with safe and efficient ways to manage and trade cryptocurrency while complying with all legal requirements."
Bill Winters, CEO of Standard Chartered, 2024
Previously, this bank launched a cryptocurrency custody service in the UAE, and the new advancement in cryptocurrency trading expands its application scope, laying the groundwork for legalization and strong development in the digital finance sector.
How will this impact the cryptocurrency market?
With the increasing demand for cryptocurrency investment, Standard Chartered's expansion of trading services is viewed as a breakthrough that provides large investors with safe and legal options to access this market.
"The participation of major banks will be a strong driver for cryptocurrencies to become a popular and widely accepted investment choice."
Financial analyst Nguyen Minh Tuan, 2024
This move could encourage many other banks to join in, making digital assets increasingly popular in the global financial flow.
What cryptocurrency derivative products will Standard Chartered introduce in the future?
The bank plans to launch derivative products such as non-deliverable forwards (NDFs) for Bitcoin and Ethereum.
This type of contract allows investors to bet on future price movements without directly owning the coins, contributing to portfolio diversification and enhancing financial risk management capabilities for institutional clients.
What stands out about cryptocurrency custody through Standard Chartered?
Clients can choose to store their cryptocurrency assets at the bank or with reputable third parties, ensuring high security and regulatory compliance.
The cryptocurrency custody service previously provided by Standard Chartered in the UAE has also been positively rated for its reliability and security, building trust for institutional investors globally.
Frequently Asked Questions
Who does Standard Chartered provide cryptocurrency trading services for?
The bank focuses on institutional clients who want to trade Bitcoin and Ethereum safely and legally.What is special about this cryptocurrency trading service?
It offers trading tools similar to foreign exchange and flexible cryptocurrency storage options, along with a complete, secure platform.What are Standard Chartered's next plans in the cryptocurrency field?
The bank will implement cryptocurrency derivative products such as NDFs to enhance investment options.What are the advantages of cryptocurrency custody at the bank?
High security, strict compliance, supporting institutional investors in managing digital assets safely.What impact does Standard Chartered's entry into the cryptocurrency market have?
This move helps reduce barriers, promotes cryptocurrency adoption in traditional finance, and creates a ripple effect to other institutions.
Source: https://tintucbitcoin.com/standard-chartered-ra-mat-giao-dich-tien-dien-tu/
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