Old money moves in, and retail bagholders applaud
Standard Chartered has secured a license in the UAE. High-net-worth clients can buy and sell BTC and ETH directly through their bank accounts, with the bank handling all custody and settlement—bypassing wallets and trading platforms entirely. Retail investors can’t even get a foot in the door.
The bank has its eye on the lucrative custody and settlement business. In the short term, this could create expectations of compliant buying demand for BTC and ETH, but the pool of high-net-worth clients in the UAE is too small to drive a major rally. Once the news is out, prices will most likely spike and then pull back. The big players will use the good news to sell, while anyone chasing the rally will be left out in the cold at the top.
If you’re holding BTC, Standard Chartered’s clients are about to enter the market. Are you adding to your position or taking profits while the news is hot? Share your cost basis and let’s see who’s swimming naked.
$BTC $ETH $SOL
Standard Chartered has secured a license in the UAE. High-net-worth clients can buy and sell BTC and ETH directly through their bank accounts, with the bank handling all custody and settlement—bypassing wallets and trading platforms entirely. Retail investors can’t even get a foot in the door.
The bank has its eye on the lucrative custody and settlement business. In the short term, this could create expectations of compliant buying demand for BTC and ETH, but the pool of high-net-worth clients in the UAE is too small to drive a major rally. Once the news is out, prices will most likely spike and then pull back. The big players will use the good news to sell, while anyone chasing the rally will be left out in the cold at the top.
If you’re holding BTC, Standard Chartered’s clients are about to enter the market. Are you adding to your position or taking profits while the news is hot? Share your cost basis and let’s see who’s swimming naked.
$BTC $ETH $SOL