Standard Chartered Expands Crypto Trading in UAE with Deliverable Bitcoin and Ether Spot Trading
Standard Chartered PLC (SCBFY) shares rose 2.38% to $60.27 after the bank expanded institutional cryptocurrency trading in the United Arab Emirates.
The lender now offers deliverable Bitcoin and Ether spot trading through its Dubai International Financial Centre branch for institutions, extending Standard Chartered's crypto trading model launched in the UK.
Eligible clients can trade cryptocurrencies directly through the bank's existing electronic trading channels, using familiar foreign exchange interfaces to access cryptocurrency trading across existing workflows without separate systems.
Clients can settle completed trades with their preferred custodian, including Standard Chartered's digital asset custody platform in the UAE, which supports Bitcoin and Ether.