Multinational banking giant Standard Chartered has introduced a new trading service that enables institutional and corporate clients to trade major cryptocurrencies.
In a statement released on Tuesday, the bank announced the launch of spot trading for Bitcoin and Ether through its UK entity.
Looking ahead, Standard Chartered also plans to expand its crypto offerings to include non-deliverable forwards (NDFs), a type of two-party derivatives contract.
“Digital assets are a foundational element in the ongoing transformation of financial services. They play a key role in driving innovation, promoting inclusion, and fostering growth across the industry,” said Bill Winters, Group Chief Executive of Standard Chartered.
Standard Chartered Gives Clients the Flexibility to Choose Crypto Custody Options
Standard Chartered’s new crypto trading service is fully integrated with its existing platforms, allowing institutional clients to access and trade digital assets through familiar foreign exchange interfaces, the bank announced.
The offering also gives investors the flexibility to choose their preferred custodian or select from multiple custody providers, including Standard Chartered’s own proprietary solutions.
This move builds on the bank’s broader crypto strategy. Last September, Standard Chartered launched a regulated custody service for Bitcoin and Ether in the United Arab Emirates, marking a significant step in its digital asset expansion.
