Standard Chartered unlocks direct bitcoin and ether trading for affluent UAE clients
Summary
Standard Chartered has launched bitcoin and ether trading for professional investors in the UAE, allowing eligible clients to trade through existing bank accounts. The bank says it is the first international bank to offer this service in the UAE and the first market where it has provided direct crypto trading to wealthy clients. Custody and settlement will use a closed-loop system, with Zodia Markets involved. The service has approval from Dubai’s Virtual Assets Regulatory Authority. Standard Chartered plans to expand it to other markets but gave no timeline.
