Cryptocurrency-focused bank Standard Chartered boasts of being the first global institution to provide spot trading in Bitcoin and Ether for institutional clients.

The new service, launched through the bank’s UK branches, presents clients with regulated and deliverable trading options during Asia and Europe trading hours. Expanded access under 24/5 availability is being considered as client requests grow, according to Rene Michau, Standard Chartered’s global head of digital assets.

Key Points:

• Standard Chartered initiates spot trading for Bitcoin and Ether from its U.K. branch.
• Institutional clients now have access to crypto-assets through established foreign exchange platforms with regulated settlement choices.
• This development positions Standard Chartered as a trailblazer in direct crypto spot trading for institutions.