Standard Chartered, a major British banking institution, is reportedly preparing to launch a Bitcoin and Ethereum trading desk based in London. The move into spot market crypto trading comes as the financial services giant looks to support demand from its institutional clients for trading Bitcoin and Ethereum. The new desk is expected to be part of the bank’s foreign exchange trading service, though no specific launch date has been announced yet. Standard Chartered has been working closely with regulators to ensure compliance with regulations and to provide a range of services in the digital asset ecosystem, including access, custody, tokenization, and interoperability.
Last year, Standard Chartered introduced Libeara, a blockchain platform designed to help companies tokenize real-world assets. The launch of the Bitcoin and Ethereum trading desk reflects the bank’s broader strategy to support clients across the digital asset ecosystem. Analysts at Standard Chartered have also raised their price prediction for Bitcoin in 2025 by 50%, citing the success of spot market Bitcoin exchange-traded funds (ETFs) following regulatory approval in January. As a result, the bank has raised its 2025 price target for Bitcoin from $100,000 to $150,000, reflecting increasing optimism about the future of the crypto market.
Bitcoin is currently trading at $64,132, representing a 1.55% decrease in the last 24 hours. Despite short-term fluctuations in price, Standard Chartered’s long-term outlook remains bullish on the potential of Bitcoin and Ethereum. By establishing a dedicated trading desk for these major cryptocurrencies, the bank aims to meet the growing demand from its institutional clients for exposure to digital assets. This move positions Standard Chartered as a key player in the evolving landscape of digital asset trading and signals its commitment to supporting clients in navigating the complexities of the crypto market.
To stay informed about the latest developments in the crypto space, readers can subscribe to receive email alerts and follow Standard Chartered on social media platforms such as X, Facebook, and Telegram. By staying connected with the bank’s updates and insights, investors and industry professionals can gain valuable perspectives on the evolving trends and opportunities in the digital asset ecosystem. As Standard Chartered continues to expand its services in the crypto space, its involvement in Bitcoin and Ethereum trading marks a significant step towards greater integration of traditional banking services with emerging technologies.
Overall, Standard Chartered’s decision to launch a Bitcoin and Ethereum trading desk underscores the increasing institutional interest in cryptocurrencies and blockchain technology. By embracing digital assets and providing dedicated trading services, the bank is positioning itself as a forward-thinking financial institution that is attuned to the evolving needs of its clients. As the crypto market continues to mature and attract greater mainstream adoption, Standard Chartered’s entry into spot market trading reflects a broader trend towards integration of traditional finance with digital innovation. With its focus on regulatory compliance and client support, Standard Chartered is poised to play a significant role in shaping the future of digital asset trading.
