Standard Chartered Opens Bitcoin and Ether Spot Trading for Institutions

Standard Chartered has begun offering deliverable spot trading in Bitcoin and Ether to institutional clients through its UK subsidiary, becoming the first global systemically important bank to provide regulated, on-balance-sheet access to the two largest cryptocurrencies.

The service lets corporates, investors and asset managers trade the digital assets via the familiar foreign-exchange interfaces they already use. The lender said it plans to extend the platform to include non-deliverable forwards, broadening the range of hedging tools available to clients.

Chief Executive Bill Winters said the move responds to accelerating demand for digital assets and aims to give customers a “safe and efficient” way to transact and manage crypto-related risk within existing regulatory frameworks.

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