Standard Chartered Launches Crypto Trading Offering for UAE Clients

MT Newswires Live10-14

Standard Chartered (HKG:2888) has launched a cryptocurrency trading offering for eligible "affluent" clients in the UAE, becoming the country's first international bank to offer the service, according to a Wednesday press release.

The offering allows eligible Professional Investor clients to buy and sell Bitcoin and Ether through their existing Standard Chartered bank accounts, with custody and settlement managed within the bank's platform.

The service is regulated by the UAE's Virtual Assets Regulatory Authority and was developed in collaboration with the bank's Wealth and Retail Banking and Corporate and Investment Banking businesses, alongside SC Ventures-backed Zodia Markets.

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