Standard Chartered to establish a spot BTC, ETH trading space

Standard Chartered is in the process of establishing a spot BTC and ETH trading space in London as a component of its FX trading unit. The space is expected to be operational in the near future. This is intended to facilitate the purchase and trade of ether and bitcoin. 

Digital asset custodian Zodia Custody and its exchange subsidiary Zodia Markets are backed by Standard Chartered.

This will establish Standard Chartered as one of the first international banks to engage in spot cryptocurrency trading, despite the fact that numerous other institutions have been trading crypto offshoots for some time.

The prestigious bank has been actively involved in collaborating with a variety of regulators to support its institutional consumers in connection with their need to conduct Bitcoin and Ethereum trading.

This is in accordance with their commitment to providing support to consumers in the expanded online asset space. Tokenization and interoperability are included in the construction of availability and custody. Standard Chartered has developed an image in which it is depicted as a supporter of Zodia Custody, an online asset custodian, and its exchange platform, Zodia Markets.