Standard Chartered Eyes Crypto Trading Desk Launch

Standard Chartered Eyes Launch of Bitcoin and Ether Trading Desk
Standard Chartered, a leading multinational bank, is reportedly planning to introduce a trading desk for Bitcoin (BTC) and Ether (ETH). If successful, this initiative would position the bank among the first global banking institutions to engage in spot crypto trading. According to Bloomberg, operations are expected to commence soon under the bank’s FX trading unit in London.
While Standard Chartered has not officially confirmed the report, the bank acknowledged increasing demand from institutional clients for BTC and ETH trading. The bank stated it is working with regulators to facilitate this demand, aligning with its broader digital asset strategy, which includes access, custody, tokenization, and interoperability.
The crypto community has reacted positively to the potential move, viewing it as a significant endorsement of cryptocurrency’s legitimacy and a possible catalyst for mainstream adoption. Notable figures, including Binance CEO Richard Teng, have welcomed Standard Chartered’s potential entry into the crypto market. Community members also speculate that this development could attract more traditional finance players and increase capital inflow into Bitcoin.