Aiming at $200 Thousand in Bitcoin, the Giant Bank Will Start BTC and ETH Transactions!
British banking giant Standard Chartered announced that it will start providing spot transaction services for Bitcoin (BTC) and Ethereum (ETH).
According to the news from Bloomberg, Standard Chartered is taking firm steps towards becoming one of the first global banks to directly enter the cryptocurrency market by establishing a trading desk for the buying and selling of Bitcoin and Ethereum.
Even though US banking giant Goldman Sachs has been allowing cryptocurrency transactions for a while, direct trading was becoming quite difficult due to regulations.
According to the news, Standard Chartered aims to meet the demand of its corporate customers for Bitcoin and Ethereum trading by acting together with regulators.
On the other hand, in a statement made by the bank, the following statements were made:
We work closely with regulators to support our institutional customers' demand to trade Bitcoin and Ethereum.
Standard Chartered, which manages $800 billion in assets, expects the Bitcoin price to reach $150,000 by the end of this year; He stated that they think it will rise to $200,000 by the end of 2025.