Standard Chartered Opens Crypto Desk for Institutions
Standard Chartered has introduced a fully integrated trading platform for institutional clients after the launch of its digital assets custody service. It will strengthen its position in the crypto space.
About Standard Chartered’s Digital Offering
Now, the bank offers a full-scale digital assets trading service for institutions. Clients can spot trade Bitcoin (XBT/USD) and Ether (XET/USD) through its UK branch. Soon, the platform will also support non-deliverable forwards (NDFs). Thus, it will expand its product suite beyond simple spot trading.
Standard Chartered is the first global systemically important bank to provide deliverable spot cryptoasset trading to institutional clients. The service is specifically for corporates, institutional investors, and asset managers. It gives them direct access to regulated digital trading.
Benefits for Institutional Clients
This offering will offer these benefits:
Regulated Crypto Trading
Traders get access to Bitcoin and Ether trading through a trusted global bank. The service operates under FCA registration. Thus, offers a safer entry into digital assets.
Seamless Platform Integration
Clients can trade crypto using familiar FX systems. It reduces learning curves and permits immediate use without additional training or systems.
Flexible Settlement Options
Institutions can choose their preferred custodian for settlement. They also have the option to use Standard Chartered’s secure custody services.
Backing of a Global Bank
Standard Chartered’s strong balance sheet and risk management support trading. It lowers counterparty risks often seen with smaller crypto platforms.
Product Expansion
The upcoming non-deliverable forwards (NDFs) add more flexibility in risk management and trading strategies. It offers additional tools beyond spot trading.
About Standard Chartered
Standard Chartered is a British multinational bank headquartered in London. It was formed in 1969 through the merger of the Chartered Bank of India, Australia, and China (founded in 1853) and the Standard Bank of British South Africa (founded in 1862). The bank operates in 53 markets with over 83,000 employees. Its services include corporate and investment banking, wealth management, and treasury operations. Recently, Standard Chartered opened a representative office in Morocco.
Summing Up
Standard Chartered is building a comprehensive digital asset infrastructure. The bank will serve rising institutional demand with custody, trading, and tokenisation services under one roof.
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