Standard Chartered, a UK-based multinational banking and financial services company, is setting up a spot trading desk for Bitcoin and Ethereum. The move marks a significant step for the bank into the cryptocurrency sector. The London-based desk will be integrated into the bank's existing foreign exchange (FX) trading unit. The establishment of this desk signifies the growing acceptance of cryptocurrencies in traditional banking systems, and further highlights the increasing demand for digital assets. The bank's move into the digital asset space could potentially pave the way for other traditional financial institutions to follow suit.