Is Standard Chartered setting up a Bitcoin, Ether trading desk? A Standard Chartered representative told Cointelegraph that the firm has been working with regulators to support institutional clients’ demand for trading BTC and ETH. Multinational bank Standard Chartered may be working to launch a Bitcoin and Ether trading desk. If launched, this would make the bank one of the first global banking institutions to get into spot crypto trading.Standard Chartered on BTC and ETH trading deskOn June 21, Bloomberg reported that the crypto desk will soon begin operations. Citing anonymous sources, the report suggests that the offering will be under the bank’s FX trading unit and operate from London, United Kingdom.
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The trading desk is expected to operate under the bank's foreign exchange (FX) trading unit and be based in London, United Kingdom. While Standard Chartered has neither confirmed nor denied the reports, the bank has acknowledged the growing demand from its institutional clients to trade Bitcoin and Ethereum. They have been working closely with regulators to support this demand and align with their strategy to cater to clients across the wider digital asset ecosystem