Crypto Daily – UK-based Standard Chartered (LON:) is officially establishing a spot and Spot trading desk. The London-based desk will soon begin operations and be part of the bank’s FX trading unit.
The announcement makes Standard Chartered one of the first global banks to enter the spot cryptocurrency trading space.
Spot Bitcoin, Ethereum Trading Desk
The new crypto trading desk will be used to purchase and sell Bitcoin (BTC) and Ethereum (ETH) directly. With the new trading desk, Standard Chartered has become one of the first global banks to offer a trading service for Bitcoin and Ethereum, two of the world’s leading cryptocurrencies. However, other banks have been offering crypto derivatives for years. In 2022, Wall Street heavyweight Goldman Sachs (NYSE:) completed an over-the-counter (OTC) crypto trade with digital asset financial company Galaxy Digital….
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