Standard Chartered Launches Bitcoin and Ethereum Trading Desk in London

The bank becomes one of the first global institutions to enter spot cryptocurrency trading, expanding its digital asset services.

Standard Chartered's new trading desk will be part of its FX trading unit.
The bank has been working with regulators to meet institutional demand for crypto trading.
This move follows the approval of spot Bitcoin and Ethereum ETFs in the U.S.
Standard Chartered has investments in Zodia Custody and Zodia Markets.
The Basel Committee's high-risk weighting for crypto assets poses profitability challenges.