Standard Chartered Bank starts Bitcoin and Ethereum spot trading.

## The world's first Spot trading service by G-SIBs

Standard Chartered Bank, a major British bank, officially launched an integrated cryptocurrency trading service for institutional investors on July 15. They will now offer spot trading of Bitcoin and Ethereum through their UK branch.

The cryptocurrency trading service is fully integrated into the existing platform of Standard Chartered Bank. Institutional investors can access and trade cryptocurrencies through a familiar foreign exchange (FX) trading interface.

Customers can settle with selected custodians, including Standard Chartered Bank's secure digital asset custody solution. They can receive consistent services from trading to storage.

The company will be the first globally important bank (G-SIB*) to offer spot trading for Bitcoin (BTC) and Ethereum (ETH). Non-deliverable forward contracts (futures trading that is settled only by cash settlement) are also planned to be introduced soon.

*G-SIBs are a group of globally important banks designated by the Financial Stability Board (FSB) and are subject to strict regulations and oversight.

Ethereum (ETH) News & Price

Thorough explanation of investment merits and risks

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Safe trading environment under regulation by FCA registration

The launch of this service will expand the growing digital asset functionality suite of Standard Chartered Bank. The bank currently provides custody and trading services for digital assets through its Corporate and Investment Banking division.

As a registered cryptocurrency service provider with the Financial Conduct Authority (FCA) in the UK, customers can gain peace of mind when trading with regulated global banks. Services supported by a robust balance sheet capability, institutional-grade risk control, and a world-class trading platform are provided.

Bill Winters, CEO of the Group, commented on the launch, "Digital assets are foundational elements in the evolution of financial services. They have become essential in enabling innovation, greater inclusivity, and new pathways for growth across the industry."

The CEO also stated, "As customer demand accelerates further, we want to provide a pathway for customers to trade, buy, and manage digital asset risks safely and efficiently within the scope of regulatory requirements."

Bitcoin (BTC) news and price

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