Standard Chartered expands institutional Bitcoin, Ether trading in UAEStandard Chartered has expanded its institutional digital assets business in the UAE by launching Bitcoin and Ether spot trading through its Dubai International Financial Centre (DIFC) entity, becoming the first global systemically important bank (G-SIB) to offer the capability in the market.
The move broadens the bank’s regulated digital asset offering in the UAE by combining spot trading with its existing digital asset custody services, which launched in September 2024.
Eligible institutional clients will be able to trade deliverable BTC and ETH through Standard Chartered’s existing electronic trading platforms, allowing them to access digital assets using familiar foreign exchange (FX) interfaces. Clients can also settle trades with a custodian of their choice, including the bank’s own digital asset custody platform.“By combining execution with secure custody, governance and the connectivity of a global bank, we are providing clients with a more integrated way to participate in digital asset markets,” — said Rola Abu Manneh, CEO for UAE, Middle East and Pakistan at Standard Chartered.
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