{"id":26082,"date":"2024-06-21T11:03:54","date_gmt":"2024-06-21T11:03:54","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/06\/21\/standard-chartered-is-building-a-bitcoin-trading-desk\/"},"modified":"2024-06-21T11:03:54","modified_gmt":"2024-06-21T11:03:54","slug":"standard-chartered-is-building-a-bitcoin-trading-desk","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/06\/21\/standard-chartered-is-building-a-bitcoin-trading-desk\/","title":{"rendered":"Standard Chartered is Building a Bitcoin Trading Desk"},"content":{"rendered":"<p>Global banking giant <a href=\"https:\/\/bitcoinmagazine.com\/tags\/standard-chartered\">Standard Chartered<\/a> is launching a spot trading desk for Bitcoin and ether, positioning itself as one of the first major banks to offer direct spot Bitcoin trading services.<\/p>\n<p>BREAKING: $800 billion Standard Chartered Bank is building a spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> trading desk &#8211; Bloomberg<\/p>\n<p>Gradually, then suddenly \ud83d\udc4f <a href=\"https:\/\/t.co\/iwmjFcHgBd\">pic.twitter.com\/iwmjFcHgBd<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1804090243949228470?ref_src=twsrc%5Etfw\">June 21, 2024<\/a><\/p>\n<p>According to recent reports from\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-21\/crypto-trading-stanchart-launches-spot-btc-eth-desk?srnd=infotech\">Bloomberg<\/a>, the new London-based Bitcoin trading desk will start operations soon and be part of the bank&#8217;s FX trading unit. Standard Chartered has been positive on Bitcoin for years and is now moving to meet surging institutional demand.<\/p>\n<p>Standard Chartered said, &#8220;We have been working closely with our regulators to support demand from our institutional clients to trade Bitcoin and Ether.&#8221;<\/p>\n<p>The bank already offers crypto custody through its stake in Zodia Custody. It is also an investor in Zodia Markets, which trades institutional Bitcoin and crypto. This bolt-on trading desk represents the next phase in Standard Chartered&#8217;s Bitcoin push.<\/p>\n<p>The move comes as <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">Bitcoin ETFs<\/a> gain approval and launch across major markets like the US, UK, Hong Kong and Australia. With institutional appetite growing, banks realize they must adapt to remain competitive.<\/p>\n<p>Standard Chartered&#8217;s offering of direct Bitcoin trading capabilities reflects the accelerating mainstream adoption of Bitcoin. It indicates that banks consider Bitcoin a crucial new asset class they can no longer avoid.\u00a0<\/p>\n<p>This infrastructure buildout will, in turn, enable wider institutional adoption. Other major banks will likely follow Standard Chartered&#8217;s lead in rolling out spot Bitcoin trading.<\/p>","protected":false},"excerpt":{"rendered":"<p>Global banking giant Standard Chartered is launching a spot trading desk for Bitcoin and ether, positioning itself as one of the first major banks to offer direct spot Bitcoin trading services. BREAKING: $800 billion Standard Chartered Bank is building a spot #Bitcoin trading desk &#8211; Bloomberg Gradually, then suddenly \ud83d\udc4f pic.twitter.com\/iwmjFcHgBd \u2014 Bitcoin Magazine (@BitcoinMagazine) [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26082","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/26082"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=26082"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/26082\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=26082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=26082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=26082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}