Standard Chartered Bank announced the launch of a cryptocurrency trading service for institutional clients, integrating with existing FX systems.
Integration with FX Systems
The service integrates directly with the bank's existing FX systems, allowing corporate and institutional clients to trade cryptocurrencies through a familiar interface.
Cryptocurrency Custody Options
Clients can choose between several custody solutions, including Standard Chartered's internal offerings and those from partner Zodia Custody.
Plans for Service Expansion
The service launches with coverage of European and Asian trading hours, with the possibility of expanding to 24/5 trading depending on demand. This expansion is based on recent regulatory approvals in the UAE and Luxembourg.
Thus, Standard Chartered positions itself as one of the few traditional financial institutions offering regulated and direct cryptocurrency trading for institutional clients.
