Standard Chartered Continues Its Preparations For Bitcoin And Ether Trading Services.

A Standard Chartered representative stated in their statement to Cointelegraph that the firm is collaborating with public institutions to support the trading demands of institutional customers for Bitcoin (BTC) and Ethereum (ETH).

Standard Chartered is continuing preparations to offer Bitcoin (BTC) and Ethereum (ETH) trading services. The bank aims to become one of the first global banks to provide spot cryptocurrency trading.

According to a report shared by Bloomberg on June 21, the bank's crypto trading desk is set to launch soon. The report indicates that this service will be based in London, United Kingdom, under the bank's currency trading unit.

A Standard Chartered representative mentioned that they are closely collaborating with regulators to meet the demand for Bitcoin and Ethereum trading from their institutional clients. However, the representative declined to provide further comments on the matter.

The cryptocurrency community has responded positively to this development, and Binance CEO Richard Teng also extended an invitation to the multinational bank to engage more deeply in the cryptocurrency world.

A community member believes that banks are preparing to serve major players in the traditional finance world and predicts increased capital inflows into Bitcoin.

In addition to Standard Chartered, Goldman Sachs noted significant interest among its clients in cryptocurrency assets this year. Max Minton, a Goldman Sachs executive, emphasized on March 24 that their clients are researching the crypto sector, attributing renewed corporate interest in the United States to the approval of spot Bitcoin exchange-traded funds (ETFs).

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