Standard Chartered to offer spot trading of bitcoin and Ethereum

According to sources from the press agency, Bloomberg, the multinational bank of British origin Standard Chartered is close to starting operations of a trading desk or trading desk that will allow you to trade bitcoin (BTC) and ether (ETH) in cash.

The service will be offered from London, becoming one of the first global banks to enter digital asset spot trading.

Bloomberg assures that the bank, in private statements by email, has made the following statement:

“We have been working closely with our regulators to support demand from our institutional clients to trade bitcoin and ether, in line with our strategy of supporting clients across the broader digital asset ecosystem, from access and custody to tokenization and interoperability.

Standard Chartered, British bank.

It must be taken into account that the Strict existing regulations have so far prevented banks from directly dealing in cryptocurrencies.. For this reason, banks—including Goldman Sachs—have opted to trade bitcoin derivatives and other digital assets.

In any case, Standard Chartered’s foray into the world of bitcoin and cryptocurrencies is not new. In November 2023 it had launched a business unit called Libeara which deals with the tokenization of traditional assets.

Standard Chartered is optimistic about the future of bitcoin and cryptocurrencies. As CriptoNoticias has reported, analysts from the entity believe that bitcoin will exceed $250,000 in 2025 and Ethereum will reach $8,000 this same year. In addition, they think that from 2025 they could reach the ETF market for several cryptocurrencies, including XRP and solana.