Standard Chartered Unveils Bitcoin and Ethereum Spot Trading for Institutional Clients
On July 15, British banking giant Standard Chartered announced the launch of spot trading for Bitcoin (BTC) and Ethereum (ETH), targeting institutional investors with secure and regulated access to cryptocurrencies. This follows the successful rollout of its digital asset custody service, driven by growing client demand for crypto exposure.
The bank’s UK branch will facilitate trading of Bitcoin (XBT) and Ether (XET) against USD, providing a seamless and integrated platform for institutional clients such as corporations, asset managers, and investors. Standard Chartered also plans to introduce crypto-based non-deliverable forwards (NDFs) later this year, marking it as the first major global bank to offer spot crypto trading for institutional markets.
Bill Winters, Standard Chartered’s group chief executive, emphasized the role of digital assets in transforming financial services, stating, “Cryptocurrencies are key to driving innovation, expanding financial inclusion, and fostering growth across the sector.”
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As an FCA-registered provider, Standard Chartered ensures secure and efficient crypto solutions, enhancing trust and adoption within traditional finance. Clients can choose their preferred custodian, including the bank’s own robust digital asset custody service.
The bank recently forecasted Bitcoin could reach $135,000 by September, with potential to climb to $200,000 by the end of 2025, reflecting strong bullish sentiment. However, BTC is currently down nearly 5%, trading at $116,790, as investors take profits ahead of the upcoming US CPI data release. Similarly, ETH has dipped over 2%, falling below the critical $3,000 mark.
