Standard Chartered launches institutional spot crypto trading in UAE

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

Sept 3 : Standard Chartered said on Thursday it had launched cryptocurrency spot trading in bitcoin and ether for institutional clients in the United Arab Emirates, becoming the first global systemically important bank to offer the service in the Gulf country.

Here are the details: 

• The bank said eligible institutional clients can access deliverable bitcoin and ether spot trading through its electronic trading channels.

• Ether spot trading allows investors to buy and sell ether, the native cryptocurrency of the Ethereum blockchain, for immediate delivery rather than through derivatives contracts.

CNA Games

Guess Word
Crack the word, one row at a time

Buzzword
Create words using the given letters

Mini Sudoku
Tiny puzzle, mighty brain teaser

Mini Crossword
Small grid, big challenge

Word Search
Spot as many words as you can
Show More
Show Less

• The service is integrated into Standard Chartered's existing platforms, allowing clients to execute crypto-asset trades through foreign exchange interfaces, it said.

• The launch expands the bank's digital asset offering in the UAE by adding execution services to its custody business, which the bank launched in September 2024.

• Clients can settle trades with a custodian of their choice, including Standard Chartered's digital asset custody solution, the bank said.

• Standard Chartered first introduced institutional bitcoin and ether spot trading through its UK branch in July 2025, becoming the first G-SIB to offer deliverable spot trading in bitcoin and ether to institutional clients.

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here