BREAKING đš
Standard Chartered has rolled out direct Bitcoin and Ether trading for its highânetâworth clients in the UAE, marking the bankâs first inâhouse crypto offering. đ
The service uses a closedâloop custody and settlement model, eliminating external wallets. It targets affluent investors seeking regulated exposure to digital assets. By keeping custody internal, the bank reduces counterparty risk and aligns with the UAEâs progressive crypto regulatory stance. Clients will benefit from realâtime trade execution and seamless fiat onâramping through the bankâs existing platforms. The move could pressure regional banks to launch similar products, accelerating institutional crypto adoption across the Gulf. đ
The launch positions Standard Chartered as a pioneer in mainstream bankingâs crypto integration. đ
$GNS, $AVA, $TRUTH
Standard Chartered has rolled out direct Bitcoin and Ether trading for its highânetâworth clients in the UAE, marking the bankâs first inâhouse crypto offering. đ
The service uses a closedâloop custody and settlement model, eliminating external wallets. It targets affluent investors seeking regulated exposure to digital assets. By keeping custody internal, the bank reduces counterparty risk and aligns with the UAEâs progressive crypto regulatory stance. Clients will benefit from realâtime trade execution and seamless fiat onâramping through the bankâs existing platforms. The move could pressure regional banks to launch similar products, accelerating institutional crypto adoption across the Gulf. đ
The launch positions Standard Chartered as a pioneer in mainstream bankingâs crypto integration. đ
$GNS, $AVA, $TRUTH