Standard Chartered Don Launch Regulate BTC & ETH Spot Trading

Standard Chartered don launch UK-based, FCA-approved institutional platform for BTC & ETH spot trading and custody under Zodia Markets. Di fully regulated service, wey dey integrate into bank FX interfaces, dey allow clients settle with any custodian, including Standard Chartered own Digital Assets Custody. This one make dem be the first G-SIB wey fit offer deliverable BTC & ETH spot trading. Platform dey support spot trading, prime brokerage, settlement and lending solutions for asset managers, hedge funds and family offices. Bill Winters call digital assets “foundational” for financial innovation, while Tony Hall highlight bank risk management frameworks. On-chain data since July 9 show Bitcoin spot trading volumes rise 50.3% and futures up 31.9%, but year-to-date volumes still low pass average. Bitcoin dey trade near $117,000 as e publish, up 7.5% for the past week. Standard Chartered plan to expand to more tokens, to complement global digital asset strategy for Singapore and Hong Kong.