Standard Chartered Rolls Out First Bank-Integrated Bitcoin and Ethereum Trading for Affluent UAE Clients

Standard Chartered is introducing a cryptocurrency trading solution that lets its wealthy UAE clients buy and sell Bitcoin and Ethereum directly through their existing bank accounts in a closed-loop system with institutional custody. The bank says this marks a global first for the institution and the UAE’s first such offering by an international bank, regulated by the Virtual Assets Regulatory Authority (VARA). Eligible affluent clients can execute trades within the bank’s ecosystem where Standard Chartered handles custody and settlement to reduce third-party risks through collaboration with its wealth and corporate businesses plus SC Ventures-backed Zodia Markets.

Source: The Daily Hodl