Is Standard Chartered establishing a trading desk for Bitcoin and Ether

Multinational banking giant Standard Chartered is reportedly considering the launch of a Bitcoin (BTC) and Ether (ETH) trading desk, which would establish the bank as one of the first global financial institutions to venture into spot cryptocurrency trading. According to anonymous sources, the crypto desk is expected to operate under the bank’s FX trading unit from its London headquarters. When contacted, Standard Chartered neither confirmed nor denied the report, but acknowledged that there has been demand from their clients to trade BTC and ETH. The potential move has been met with enthusiasm from the crypto community, with many seeing it as a significant step towards wider adoption and increased investor confidence. Binance CEO Richard Teng also welcomed the bank’s potential foray into crypto.