Standard Chartered unlocks direct bitcoin and ether trading for affluent UAE clients
Standard Chartered has launched a direct cryptocurrency trading service for affluent clients in the UAE, allowing them to trade bitcoin and ether through existing bank accounts. The service utilizes a closed-loop model for custody and settlement, marking the bank's first direct retail crypto offering globally.
Why it matters
This represents a significant step in the institutional adoption of digital assets, bridging traditional banking infrastructure with cryptocurrency markets for high-net-worth individuals.
Tradotto da IA 1 min di lettura Make preferred on Condividi Condividi questo articolo Copia link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Standard Chartered is bringing bitcoin, ether trading to wealthy clients in UAE. (Shkuru Afshar/Wikimedia Commons) Buod Ipakita Standard Chartered began offering crypto trading to wealthy UAE clients, enabling bitcoin and ether purchases through bank accounts. The bank manages custody and settlement in-house via a closed-loop model, removing the need for separate crypto wallets. Backed by licensing approval in Dubai, extending previous institutional digital asset offerings from the U.K. and UAE. Standard Chartered (STAN) introduced a crypto trading service for affluent clients in the United Arab Emirates, allowing eligible investors to buy and sell bitcoin BTC $83,478.64 and ether ETH $2,519.88 through their existing bank accounts.
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