Standard Chartered Launches Bitcoin and Ether Trading for Wealthy UAE Clients
The bank says the licensed service lets affluent clients trade without separate exchange accounts or personal digital wallets.
- Standard Chartered launched a crypto trading service for affluent clients in the UAE on Wednesday, licensed by the Virtual Assets Regulatory Authority to facilitate Bitcoin and Ether transactions.
- Rola Abu Manneh, Chief Executive Officer for the UAE, Middle East and Pakistan, described the country as a natural location for the launch because of its forward-looking regulatory environment and digital asset leadership.
- The service operates within a closed-loop system where Standard Chartered manages transactions, custody and settlement internally, utilizing digital asset capabilities from Zodia Markets, backed by SC Ventures.
- Initially available to Professional Investor clients, the offering integrates cryptocurrency into the bank's wealth management business, which Samir Subberwal, Global Head of Wealth Solutions, Retail Products, Data & Analytics, identified as responding to growing demand.
- Standard Chartered plans to introduce the service in other markets while developing custody capabilities for stablecoins and tokenized assets, building on existing digital asset operations in Luxembourg, Hong Kong, and Singapore.
25 Articles
25 Articles
Standard Chartered launches a Bitcoin and Ethereum trading service in the United Arab Emirates, integrated directly into professional bank accounts.
Standard Chartered launches Bitcoin and Ether trading for wealthy UAE clients
Standard Chartered has launched a cryptocurrency trading service for wealthy clients in the United Arab Emirates, allowing eligible investors to buy and sell Bitcoin and Ether directly through their existing bank accounts. According to the bank’s announcement, the service has…
Standard Chartered has announced Bitcoin and Ethereum trading services for eligible high-net-worth clients in the United Arab Emirates. Clients will be able to trade through their existing bank accounts without needing to open a separate cryptocurrency exchange account or wallet.
Standard Chartered launches regulated Bitcoin and Ether trading for affluent clients in UAE
The bank's first cryptocurrency trading service will initially serve Professional Investor clients and integrate custody, liquidity and settlement through existing accounts. IN BRIEFKEY TAKEAWAYSFAQs Standard Chartered has introduced a cryptocurrency trading service for affluent clients, with an initial rollout to … Read the full press release →
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