Banco Standard Chartered premieres Bitcoin and Ether Commerce Service

By Hannah Pérez

The British lender claims to be the first Bank of global importance to launch a regulated and safe supply of cryptocurrency trade in cash. He joins his previous service of custody Bitcoin.

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• Standard Chartered is the first important global bank in launching cryptocurrency trade.
• It will offer its institutional clients negotiation in the cash of Bitcoin and Ethereum.
• Consider opening the service 24 hours a day, 7 days a week, as demand evolves.
• It is incorporated into the cryptocurrency custody service that the bank already offers.
• The last fusion signal between traditional finance and digital assets.

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The multinational bank Standard Charteredbased in London, has launched a trade service of Bitcoin (BTC) and Ethereum (ETH), available for your institutional clients.

The British lender friendly with cryptocurrencies said in a statement on Tuesday that the new offer makes it he “First global system of systemic importance“ in offering safe, regulated and scalable access to cryptocurrency cash.

The offer, implemented through the bank’s branches in the United Kingdom, will allow institutional clients, including companies, investors and asset administrators, negotiate the two main cryptocurrencies of the world by market capitalization –BTC and ETH– along with US dollars during the commercial schedule of Asia and Europe.

The bank cited the high demand of customers as a main reason for the launch and said it is considering offering access 24 hours, 5 days a week, for the new service as users express interest.

“As customer demand accelerates even more, we want to offer them a route to perform transactions, market and manage the risk of digital assets safely and efficiently within regulatory requirements“, Said the executive director of Standard Chartered GroupBill Winters.

Digital assets are a fundamental element of the evolution of financial services. They are fundamental to enable new paths for innovation, greater inclusion and growth throughout the industry.

Standard Chartered integrates Bitcoin trade to their existing services

The negotiation service of Bitcoin and Ethereum It extends the existing custody offer that the British bank already offers. Standard Chartered He has been involved in cryptocurrencies and digital assets for some time.

The lender has participation in two digital asset companies, Zodia custody and Zodia Marketsthat provide services ranging from cryptocurrency custody to extraburstile trade. In 2023, Standard Chartered also launched a unit Blockchain call Libera to help institutions with real world assets.

The new commercial offer is completely integrated with existing platforms of Standard Chartered And family FX interfaces, the bank said in the statement.

Customers can reach an agreement with their favorite custodian, including the digital custody solutions of Standard Charteredand at the same time benefit from the guarantee of a regulated and registered global bank in the FCA with a solid balance and institutional level risk controls, the firm said.

The last signal of the institution’s appetite by cryptocurrencies

The movement of Standard Chartered It is the last among the players of traditional finance towards the new asset class.

Other great banks that are expanding their participation in the cryptocurrency market as institutional adoption increases. Charles Schwab It is one that supposedly works to launch support for the Cryptocurrency Cash and a group of Wall Street titans –included Citi, JPMorgan and Bank of America– They are informed evaluated to launch their Stablecoin.

Operating within the regulated framework of Standard CharteredThe service aims to reduce barriers for institutional clients to enter cryptocurrencies, digital assets and tokenization.

The analysts of Standard Chartered They have shared bullish price projections for cryptocurrencies. A few weeks ago, they reiterated their prediction that Bitcoin It will arise towards the USD $ 200,000 by the end of 2025, but not before breaking a new record around USD $ 135,000, possibly in September. Bitwise and Bernstein They coincide with this projection.

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Hannah Estefanía Pérez / Diariobitcoin

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