Standard Chartered Integrates Bitcoin and Ethereum Trading Service for Institutions on Foreign Exchange Platform ๐ฆ๐ฐ
Standard Chartered Bank has announced the launch of instant trading services for Bitcoin and Ethereum tailored for its institutional clients. ๐ This development, revealed by Rene Meckau, the bank's Global Head of Digital Assets, is a pioneering step that makes Standard Chartered the first global bank to offer these services, according to a Reuters report. ๐ฐ
The new service is available globally to institutional clients through the bank's investment banking platform in the United Kingdom. ๐ These clients include multinational corporations, asset managers, and other financial institutions. ๐ข๐ผ
This cryptocurrency trading service has been integrated into the bank's existing foreign exchange trading platform. ๐ This allows institutional clients in the UK branch to trade Bitcoin and Ethereum through familiar interfaces. ๐
The bank is also exploring the possibility of providing access to this service 24/7 to meet the growing demand from clients. โฐ
This means that Standard Chartered has become a leader in integrating digital currencies (Bitcoin and Ethereum) into its banking services for large institutions, reflecting the increasing interest and demand for these assets in the traditional financial world.