{"id":32796,"date":"2024-06-21T11:26:15","date_gmt":"2024-06-21T11:26:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/standard-chartered-to-launch-btc-eth-spot-trading-desk-bloomberg\/"},"modified":"2024-06-21T11:26:15","modified_gmt":"2024-06-21T11:26:15","slug":"standard-chartered-to-launch-btc-eth-spot-trading-desk-bloomberg","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/standard-chartered-to-launch-btc-eth-spot-trading-desk-bloomberg\/","title":{"rendered":"Standard Chartered to launch BTC, ETH spot trading desk: Bloomberg"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/12\/03_Standard-Chartered-bank-hall-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/12\/03_Standard-Chartered-bank-hall-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/12\/03_Standard-Chartered-bank-hall-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/12\/03_Standard-Chartered-bank-hall-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Standard Chartered is eyeing a spot cryptocurrency trading desk for Bitcoin and Ether.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The bank would become the first global banking giant to make a foray into spot crypto trading.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Standard Chartered backs institutional crypto trading platform Zodia Markets, an arm of Zodia Custody.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Standard Chartered Plc. is reportedly setting up a spot trading desk for Bitcoin (BTC) and Ether (ETH), Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-21\/crypto-trading-stanchart-launches-spot-btc-eth-desk\" target=\"_blank\" rel=\"noopener\">reports<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Standard Chartered\u2019s crypto desk to launch in London<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to people familiar with the development, Standard Chartered\u2019s new crypto trading desk will be based in London and is close to going live. Furthermore, the crypto desk is set to be part of the banking giant\u2019s FX trading unit.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Standard Chartered is a leading multinational bank and investment giant and its foray into spot crypto, when it happens, will mark a key milestone for global banks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Over the past few years, banks such as Goldman Sachs have traded crypto derivatives. However, the strict regulatory landscape and other rules have meant that no major bank has dealt directly with the trading of underlying assets such as Bitcoin and Ethereum.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the Bloomberg report, Standard Chartered has worked closely with regulators as it looks to offer products and services that cater to growing demand from institutional clients.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The trading desk for BTC and ETH aligns with the bank\u2019s \u201cstrategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability,\u201d it said in a statement.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This move adds to recent developments such as Standard Chartered\u2019s backing of FCA-regulated institutional crypto trading platform <a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-backed-zodia-markets-gets-vasp-registration-in-ireland\/\">Zodia Markets<\/a>.\u00a0<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-to-launch-btc-eth-spot-trading-desk-bloomberg\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Standard Chartered is eyeing a spot cryptocurrency trading desk for Bitcoin and Ether. The bank would become the first global banking giant to make a foray into spot crypto trading. Standard Chartered backs institutional crypto trading platform Zodia Markets, an arm [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":32797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32796"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32796"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32797"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}