Standard Chartered Opens Bitcoin and Ethereum Trading to Wealthy UAE Clients
Summary
Standard Chartered has launched Bitcoin and Ethereum trading for Professional Investor clients in the UAE, allowing them to buy and sell the assets through bank accounts. The service operates under Dubai VARA approval and uses the bank’s closed-loop system for trading, custody and settlement. It is the bank’s first crypto trading offer for wealth clients in the UAE; previously, its crypto trading served institutions, while wealth clients had access mainly through funds and derivatives. The launch builds on the bank’s UAE custody service and institutional trading operations.
