The Marvelous Misadventure of Standard Chartered: A Bank’s Foray into Crypto Wonderland!

by

Ah, What to Know, My Good Fellow:

  • Standard Chartered, gallantly launching deliverable spot trading for the illustrious bitcoin and ether via its fine UK abode!
  • Institutional clients, those paragon of sophistication, can now frolic through crypto-assets using the well-trodden FX interfaces, complete with that delightful regulated settlement—because who doesn’t fancy a little order in chaos?
  • The bank, clad in its metaphorical armor, boldly positions itself as the inaugural global bank to dare offer this debaucherous crypto spot trading to institutions. How brave! 🎩

In This Most Captivating Article

BTCBTC$116,789.16◢4.67%

Ah, the cryptocurrency-friendly Standard Chartered, eager as a peacock, proclaims itself the first global bank to offer spot trading in the precious bitcoin and ether (ETH) to its avaricious institutional clients. 🦚

The offering, rather dashing in its rollout through the bank’s UK branches, is presently a UK affair, unfurling its wings during the trading hours of Asia and Europe; a 24/5 access may even be considered, should the rabid demand sweep across the land.

“Standard Chartered emerges as the very first global systemically important bank to offer this whimsical cryptoasset trading,” declared the venerable Rene Michau in a digital missive. “Our esteemed institutional clients encompass grand financial institutions, such as the illustrious asset managers and investors, along with the majestic large multinational companies gracing our corporate banking circle.”

Ah, but fret not! Standard Chartered, long engaged in the digital ballet of crypto and its whims, has woven digital assets custody and trading into its corporate and investment bank’s delightful tapestry. It has invested in darlings like Zodia Custody and Zodia Markets, and even dabbles in digital asset tokenization services through its cherished cohort, Libeara!

The excitement, dear reader, doesn’t stop here! The new service is artfully integrated into Standard Chartered’s existing trading platforms, allowing the sophisticated corporates, astute asset managers, and institutional investors to wade into the crypto markets through the perfectly familiar FX interfaces. Most charmingly, clients may settle trades with a custodian of their choice, including the bank’s own in-house custody service! 🏦

As we trod this scenic path, the focus shall remain on BTC and ETH spot trading, with charming plans afoot to expand the services suite, including the gallant introduction of non-deliverable forwards (NDFs) trading. Michau nods: “Onward and upward!”

Read More

2025-07-15 11:30