Standard Chartered Expands Institutional Trading as ChainSpin Presale Surges
Standard Chartered has expanded its institutional Bitcoin trading capabilities by launching deliverable BTC and Ether spot trading for eligible clients in the UAE. This move follows the bank's previous launch of a digital-asset trading business through its UK branch in 2025.
The addition of deliverable Bitcoin spot trades is significant as it allows large clients to access direct markets through familiar electronic trading channels, further integrating crypto exposure into traditional financial infrastructure.
Meanwhile, ChainSpin has seen substantial growth during its Stage 1 presale, raising over $182,000 and selling more than 36% of the available tokens at a price of $0.0125. The project's unique approach is that it already operates a live crypto casino and sportsbook with thousands of games, providing an existing ecosystem for users to engage with.
ChainSpin's tokenomics include revenue-linked buybacks, where 40% of acquired tokens are redistributed to holders and 60% permanently burned. The project also caps total supply at 1 billion tokens with no mint function planned after the token generation event.