Standard Chartered to Launch Bitcoin and Ethereum Trading Desk

Standard Chartered is set to launch a dedicated trading desk for Bitcoin and Ethereum, according to Bloomberg. This strategic move positions the banking giant as a pioneer among global banks in spot cryptocurrency trading.

Integration with FX Trading Division

The new crypto trading desk, managed from London, will be integrated into Standard Chartered’s foreign exchange (FX) trading division. This development marks a significant shift towards digital assets for a bank deeply rooted in traditional finance, highlighting the growing importance of cryptocurrencies in the global financial ecosystem. The initiative remains confidential, shared by anonymous sources due to its sensitivity.

Standard Chartered’s Cryptocurrency Investments

Standard Chartered has already made significant strides in the cryptocurrency space, with investments in Zodia Custody and Zodia Markets, which offer services from custody to over-the-counter trading. This latest move into spot trading further underscores the bank’s commitment to embracing digital assets as institutional interest in cryptocurrencies continues to rise.

Global Context and Market Movements

This move by Standard Chartered comes amid a broader trend of increased institutional involvement in cryptocurrency markets. For instance, Australia’s largest equities exchange recently listed its first spot Bitcoin ETF, the VanEck Bitcoin ETF (VBTC), on the Australian Securities Exchange (ASX). This listing provides investors with an easier way to invest in cryptocurrencies, reflecting the global demand for accessible crypto investment options.

MicroStrategy’s Continued Bitcoin Acquisitions

In related news, MicroStrategy, led by CEO Michael Saylor, has significantly increased its Bitcoin holdings. The company purchased an additional 11,931 BTC for approximately $786 million, bringing its total holdings to 226,331 BTC, acquired at an average price of $36,798 per Bitcoin. This acquisition highlights the ongoing confidence and investment in Bitcoin by major institutional players.


Standard Chartered’s launch of a Bitcoin and Ethereum trading desk marks a notable milestone in the integration of cryptocurrencies into mainstream financial services. As the bank leverages its expertise in traditional finance to explore the digital asset space, it sets a precedent for other global financial institutions to follow suit. The increasing institutional adoption and investment in cryptocurrencies underscore their growing role in the future of finance.