According to Odaily, insiders have revealed that Standard Chartered Bank is in the process of setting up a trading platform for Bitcoin and Ethereum. This move will position the bank as one of the first global banks to enter the spot cryptocurrency trading market.
Two insiders, who requested anonymity due to the private nature of the information, stated that the new cryptocurrency platform is about to commence operations. It will form part of the bank's foreign exchange trading department. The platform will be operated out of London, as disclosed by one of the sources.