Standard Chartered Debuts Bitcoin Trading In the United Arab Emirates
Bitcoin Magazine
Standard Chartered Debuts Bitcoin Trading In the United Arab Emirates
Multinational bank Standard Chartered announced Thursday that it had debuted bitcoin spot trading for institutional clients in the United Arab Emirates.
The bank said that eligible institutional clients would be able to use the service — the first of its kind in the country.
Standard Chartered in 2024 launched digital asset custody services in the UAE, months before it debuted spot crypto trading in other countries.
“The UAE has developed a clear digital assets regulatory framework that supports institutional participation and innovation,” Rola Abu Manneh, Chief Executive Officer, UAE, Middle East and Pakistan at Standard Chartered, said.
He added: “By combining execution with secure custody, governance and the connectivity of a global bank, we are providing clients with a more integrated way to participate in digital asset markets.”
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