Bitcoin

Standard Chartered is building a Bitcoin (BTC) and Ether (ETH) spot trading desk: Bloomberg

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Standard Chartered (STAN) is establishing a spot trading desk for buying and selling bitcoin and ether, Bloomberg reported on Friday.

The new London-based desk will begin operations soon and will be part of the bank’s foreign exchange trading unit, the report said, citing people familiar with the matter.

“We have been working closely with our regulators to support our institutional clients’ demand to trade Bitcoin and Ethereum, in line with our strategy of supporting clients across the broader digital asset ecosystem, from access and custody to tokenization and interoperability.” , Standard Chartered said. in an emailed statement, according to the report.

The banking giant’s involvement in cryptocurrency is now well established as a supporter of the digital asset custodian Zodia Custody and its shift arm Zodia Markets.

Standard Chartered did not immediately respond to CoinDesk’s request for further comment.

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