[Standard Chartered Bank's Bitcoin and Ethereum spot trading platform is about to begin operations] Golden Finance reported that according to people familiar with the matter, the Bitcoin and Ethereum trading platform established by Standard Chartered Bank is about to begin operations and will become part of the bank's foreign exchange trading department, which will operate in London. Banks including Goldman Sachs have been trading cryptocurrency derivatives for years, but strict regulations prevent them from directly trading the underlying assets. The Basel Committee on Banking Supervision proposed that banks must apply a 1250% risk weight to any unhedged cryptocurrency risk exposure, making it difficult for banks to make profits. Golden Finance previously reported that people familiar with the matter said that Standard Chartered Bank is setting up Bitcoin and Ethereum trading desks, making it one of the first global banks to enter spot cryptocurrency trading.