Standard Chartered Now Offers Institutional Bitcoin, Ethereum Trading—Here’s What It Means
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In brief Standard Chartered has become the first “G-SIB” to offer crypto spot trading via its existing FX infrastructure. The service lets institutional clients execute and settle Bitcoin and Ethereum trades alongside traditional currencies. Observers say the move reflects growing demand for digital asset access from mainstream finance. British banking giant Standard Chartered became the first “too big to fail” bank to offer Bitcoin and Ethereum trading through traditional currency platforms on Tuesday, crossing a line that its peers have cautiously approached for years. The bank will run Bitcoin and Ethereum spot trading services for institutional clients from its U.K. branch, enabling them to execute trades through the same foreign exchange systems they already use. “Digital assets are a foundational element of the evolution in financial services,” Bill Winters, group chief executive at the bank, said in a statement. The move, he said, opens “new pathways for innovation, greater inclusion and growth.” Unlike crypto exchanges that require separate accounts and systems, Standard Chartered’s approach integrates digital assets into the platform’s treasury departments, which fund managers use daily for trading dollars, euros, and yen. Through it, clients can settle their crypto trades with any custodian they choose. The bank also offers its own regulated custody service, launched in the UAE last year and Europe this January. It later expanded those offerings through a partnership with FalconX in May. Too big to fail? Standard Chartered’s entry to spot crypto trading is “unequivocally validating the growing demand from traditional finance for regulated, deliverable crypto trading solutions,” Charmaine Tam, head of OTC sales and trading at Hex Trust, a digital asset financial institution based in Hong Kong, told Decrypt. Tam pointed to a “convergence of TradFi and digital assets,” which shows how the sector’s ecosystem has matured as established players like Standard Chartered “tailor their…
Filed under: News - @ July 15, 2025 7:23 pm