Standard Chartered brings institutional Bitcoin, Ether trading to UAE

Standard Chartered has expanded institutional Bitcoin and Ether spot trading to the UAE through its DIFC branch, giving eligible clients access to deliverable crypto trades through the bank’s existing electronic trading systems. Summary Standard Chartered has launched institutional Bitcoin and Ether spot trading in the UAE through its DIFC branch. Eligible clients can trade BTC and ETH through the bank’s existing electronic trading channels and FX interfaces. Clients can settle trades with a custodian of their choice, including Standard Chartered’s UAE digital asset custody service. The bank said it is the first G-SIB to provide institutional digital asset spot trading in the UAE. Standard Chartered said on Sept. 3 that the service makes it the first Global Systemically Important Bank to offer institutional digital asset spot trading in the UAE and the only global bank currently providing the capability in the region. Eligible institutional clients can trade Bitcoin and Ether through Standard Chartered’s electronic channels using interfaces already employed for foreign exchange trading. Settlement can be handled through a custodian selected by the client, including the bank’s own U...