Standard Chartered has announced the launch of a new service that allows institutional and corporate clients to trade popular cryptocurrencies, including Bitcoin and Ether.
Launch of Spot Trading for Bitcoin and Ether
Standard Chartered has initiated spot trading for Bitcoin and Ether through its UK branch, as stated in a release shared with Cointelegraph.
Integration with Existing Systems
The new service is fully integrated with the bank’s existing platforms, enabling institutional clients to access and trade crypto assets through familiar foreign exchange interfaces.
Future Expansion of the Service
Following the launch of spot trading, the bank plans to expand its offerings soon with crypto non-deliverable forwards (NDFs), which involve the creation of two-party derivatives contracts.
With the launch of its new cryptocurrency trading service, Standard Chartered highlights the importance of digital assets in financial services and opens new opportunities for its clients.
