Standard Chartered is offering institutional clients spot cryptocurrency trading through its Dubai-based foreign-exchange platform, according to CoinDesk. The service brings Bitcoin (BTC) and Ethereum (ETH) onto the bank’s existing electronic foreign-exchange, or eFX, infrastructure. Institutions already use the platform to trade traditional currencies including the U.S. dollar and euro, and can now access spot trading for the two leading cryptocurrencies through the same rails. The move expands the range of assets available on Standard Chartered’s institutional trading infrastructure in the region. The offering is focused on spot crypto transactions and is aimed at institutional market participants. The development adds BTC and ETH exposure to a platform traditionally associated with foreign-exchange trading, linking digital-asset execution with established institutional FX connectivity in Dubai.
Source
CoinDesk
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