Standard Chartered launches institutional spot crypto trading in UAE

Sept 3 (Reuters) – Standard Chartered said on Thursday it had launched cryptocurrency spot trading in ‌<a href="https://xpertsstudio.com/<a href="https://xpertsstudio.com/ether-xrp-etf-inflow-streaks-end-as-bitcoin-funds-rebound/” title=”Ether, XRP ETF inflow streaks end as Bitcoin funds rebound”>bitcoin-etfs-see-inflows-as-ether-and-xrp-etfs-end-streaks/” title=”Bitcoin ETFs See Inflows as Ether and XRP ETFs End Streaks”>bitcoin and ether for institutional clients in ‌the United Arab Emirates, becoming the first global systemically important ​bank to offer the service in the Gulf country.

• The bank said eligible institutional clients can access deliverable bitcoin and ether spot trading ‌through its electronic ⁠trading channels.

• Ether spot trading allows investors to buy and sell ether, the ⁠native cryptocurrency of the Ethereum blockchain, for immediate delivery rather than through derivatives contracts.

• The service is ​integrated into ​Standard Chartered’s existing platforms, ​allowing clients to execute ‌crypto-asset trades through foreign exchange interfaces, it said.

• The launch expands the bank’s digital asset offering in the UAE by adding execution services to its custody business, which the bank launched in September ‌2024.

• Clients can settle trades ​with a custodian of their ​choice, including Standard ​Chartered’s digital asset custody solution, the ‌bank said.

• Standard Chartered first ​introduced institutional ​bitcoin and ether spot trading through its UK branch in July 2025, becoming the first G-SIB ​to offer ‌deliverable spot trading in bitcoin and ether to ​institutional clients.

(Reporting by Roshan Thomas in Bengaluru; ​Editing by Rashmi Aich)

Source: ca.news.yahoo.com