Standard Chartered Becomes First Global Bank with Institutional Crypto Trading in UAE

Standard Chartered has expanded its digital asset offering in the UAE by launching spot Bitcoin and Ether trading for institutional clients. The London-headquartered bank is the first global bank to offer this service in the region, making it a significant move for the market.

The new service allows eligible institutional clients to access spot BTC and ETH trading through Standard Chartered's electronic trading channels integrated into the bank's existing platforms.

This development comes after the bank launched digital asset custody services in the UAE in September 2024, further solidifying its presence in the region. Other cryptocurrency companies are also seeking regulatory approval to launch similar services in the UAE.