Standard Chartered don launch spot crypto trading for BTC and ETH
Standard Chartered don launch spot crypto trading for Bitcoin (BTC) and Ether (ETH) through their UK branch. Dis new service dey give institutional investors direct access to digital assets. E dey operate under UK regulation and e dey integrate well with the bank’s FX platforms. The spot crypto trading platform dey use Zodia Custody to settle trades through in-house or third-party custodians. Initial trading dey cover Asian and European hours. The bank dey consider to shift to 24/5 trading access. Group CEO Bill Winters talk say demand for secure, compliant way to manage digital assets risk strong. Rene Michau, Global Head of Digital Assets, say bank plan to add non-deliverable forwards as e dey scale its infrastructure. Dis launch show Standard Chartered leadership for regulated spot crypto trading and e go improve liquidity, boost trading efficiency, and drive institutional adoption of digital assets.
Bullish
Standard Chartered lans say institutional spot crypto trading dey bullish for BTC and ETH. E provide secure, regulated on-ramp wey fit attract plenty institutional flows. For short term, the announcement fit make buy-side interest increase, lift liquidity and narrow the spreads. For long term, bank-backed custody and products like non-deliverable forwards show say market infrastructure dey develop well well. This sustained institutional engagement fit support higher price floors and reduce volatility, make the outlook for Bitcoin and Ethereum better.