Standard Chartered now offers sale of Bitcoin and Ethereum
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In the future, they could add new forms of negotiation with cryptocurrencies.
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It is a service for institutional customers.
Standard Chartered, through its branch in the United Kingdom, has begun to offer sale in the cash of Bitcoin (BTC) and Ethher (ETH), Cryptocurrency of Ethereum, exclusively for institutional clients.
This new service responds to the growing demand for cryptoactives in the market, integrating these operations within its bank platform to facilitate safe and regulated transactions.
Banco’s executive director, Bill Winters, stressed that Digital assets are acquiring an essential role in the global financial system.
“We want to offer our customers an efficient route to make transactions, trade and manage risks with cryptocurrencies, complying with regulations,” Winters said.
This approach underlines the entity’s commitment to adapt to the needs of an evolving market.
Standard Chartered says that with this movement It is positioned as the first financially interconnected global bank in operating directly with cryptoactive.
The entity already has a custody service for digital assets aimed at institutional and corporate clients, consolidating its infrastructure for this sector. This initiative arises from a strategic alliance with Falconx, a specialized firm in cryptocurrency, formalized last May, as reported cryptootics.
Thus, the bank and exchange of currency of Standard Chartered is combined with Falconx technology to provide access to digital currencies through traditional financial channels.
In the future, the bank plans to explore new forms of negotiation with cryptoactive to expand its services, added Winters.
