Standard Chartered Eyes Bitcoin and Ether Trading Desk Amid Rising Institutional Interest

Standard Chartered to Potentially Launch Bitcoin and Ether Trading Desk Amid Rising Institutional Demand
Standard Chartered, a prominent multinational bank, is considering the establishment of a trading desk for Bitcoin (BTC) and Ether (ETH) in response to growing interest from institutional clients. The bank has been working closely with regulators to support this demand, highlighting the increasing legitimacy of cryptocurrency investments.
Bloomberg reported that the crypto trading division could soon start operations from London, under the bank’s FX trading unit. While Standard Chartered has not confirmed this move, the bank acknowledged the institutional demand for BTC and ETH.
The crypto community and industry leaders have welcomed this potential development. They view it as a significant step towards mainstream acceptance of cryptocurrencies, which could boost investor confidence and adoption. Binance CEO Richard Teng also expressed support for the bank’s potential entry into the crypto market.
Additionally, Goldman Sachs has noted a resurgence of interest in crypto assets among its clients, driven partly by the approval of spot Bitcoin ETFs in the United States. This suggests a broader institutional shift towards crypto investments.
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This potential move by Standard Chartered underscores the growing integration of traditional finance with the digital asset ecosystem.