Standard Chartered G-SIB to Launch Crypto Spot Trading in U.a.e.
Dow Jones
Sep 04
1512 GMT - Standard Chartered has launched institutional bitcoin and ether spot trading in the U.A.E. through its Dubai International Financial Centre branch, becoming the first Global Systemically Important Bank (G-SIB) to offer the service in the country. Eligible institutional clients can trade deliverable Bitcoin and Ether through the bank's existing electronic trading channels and settle trades with a custodian of their choice. The Dubai Financial Service Authority-regulated offering expands Standard Chartered's U.A.E. digital-asset business beyond custody, which it launched in 2024, and extends a spot-trading capability first introduced through its U.K. branch last year.
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