Standard Chartered Bank is planning to offer a spot trading desk for Bitcoin and Ethereum to enable direct spot trading of cryptocurrencies, according to an insider. This latest development aligns with the multinational bank’s huge interest in the crypto market. Standard Chartered has been a covert player in the crypto sector for a while. The bank holds substantial stakes in crypto firms, Zodia Custody and Zodia Markets. Zodia Custoday offers crypto custody services, while Zodia Markets offers crypto trading for institutions. These crypto-centric investments underline the bank’s commitment to the digital asset space and its readiness.
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