Standard Chartered Expands Institutional Crypto Trading in UAE

Standard Chartered has expanded its institutional Bitcoin (BTC/USD) and Ether (ETH/USD) spot trading in the UAE through 'Standard Chartered DIFC'. This makes Standard Chartered the first Global Systemically Important Bank (G-SIB) to offer the capability in the market and the only global bank currently offering institutional digital asset spot trading in the region.

The move further broadens the bank's regulated digital asset offering in the UAE by adding execution to its custody offering. The capability enables eligible institutional clients to access deliverable Bitcoin and Ether spot trading through Standard Chartered's electronic trading channels.

It is integrated into the Bank's existing platforms, enabling clients to access crypto-asset trading through familiar FX interfaces. Clients may settle trades with a custodian of their choice, including Standard Chartered's digital asset custody solution that was launched in September 2024.