Standard Chartered Launches Bitcoin, Ethereum Trading in UAE

Standard Chartered has taken a significant step in embracing digital assets by launching deliverable spot trading for Bitcoin and Ethereum to its institutional clients in the UAE. This move makes Standard Chartered the first major global bank to offer this service in the Gulf region.

The new service allows eligible clients to buy and sell these cryptocurrencies for immediate delivery via the bank's electronic trading platforms, which are integrated with its existing foreign exchange systems.

This offering complements the bank's digital asset custody service launched in the UAE last year. Clients can now settle trades through their preferred custodians, promoting institutional adoption and integration of digital assets in the UAE market.