365Crypto
Big Bank Enters the Crypto Game
Standard Chartered now lets big investors trade Bitcoin and Ether.
The service is live in the UK. More hours are coming soon.
The bank said digital assets are shaping the future of finance.
Trade Through Trusted Systems
Clients use familiar systems to trade crypto with this service.
They can pick their own crypto custody providers for storage.
Choices include Zodia Custody and Standard Chartered’s services.
Already Active in Crypto Custody
Last year, the bank launched Bitcoin and Ether custody in UAE.
They also got a license to offer custody in Luxembourg in January.
Ready to Go Global
The service starts in the UK but will expand worldwide soon.
UK clients need to onboard first to use the platform.
Standard Chartered follows FCA rules for crypto trading.
What’s Next?
Crypto derivatives like NDFs could come next.
The bank isn’t ready to offer crypto trading to retail users yet.
* NDFs: Contracts between two parties to settle crypto prices later.
