Standard Chartered launches institutional spot crypto trading in UAE

Sept 3 (Reuters) - Standard ‌Chartered said ​on ​Thursday it had launched cryptocurrency spot trading in bitcoin and ether for institutional ‌clients in the United Arab Emirates, becoming ⁠the first global systemically important bank to offer the ‌service in the Gulf ‌country.

Here are the details:

• The bank said eligible institutional clients can access deliverable bitcoin and ​ether spot trading through its electronic trading channels.

• Ether spot trading allows investors to buy ⁠and sell ether, the native cryptocurrency of the Ethereum blockchain, for ​immediate delivery rather than through derivatives contracts.

• The service is integrated into Standard ​Chartered's existing platforms, allowing clients ‌to execute crypto-asset trades through foreign exchange interfaces, it said.

• The launch ⁠expands the bank's digital asset offering in the UAE by adding execution services to its custody business, ⁠which the bank launched in September 2024.

• Clients can settle ​trades with a custodian of their choice, including Standard Chartered's digital asset custody solution, the bank said.

• Standard ‌Chartered first introduced institutional bitcoin and ether spot trading through its UK ‌branch in July 2025, becoming the first G-SIB ⁠to offer deliverable spot ‌trading in bitcoin ​and ether to institutional clients.

(Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi ‌Aich)

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