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By Ian Allison, AI Boost|Edited by Parikshit Mishra
Updated Jul 15, 2025, 8:31 a.m. Published Jul 15, 2025, 7:05 a.m.
- Standard Chartered launches deliverable spot trading for bitcoin and ether via its U.K. branch.
- Institutional clients can trade crypto-assets through familiar FX interfaces with regulated settlement options.
- The move positions Standard Chartered as the first global bank to offer direct crypto spot trading for institutions.
Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the first global bank to offer spot trading in bitcoin
and ether(ETH)to institutional clients.
The offering, rolled out through the bank’s UK branches, is available initially via our U.K. entity, during Asia and Europe trading hours, with 24/5 access under consideration as client demand evolves, said Rene Michau, global head of digital assets.
STORY CONTINUES BELOW
“Standard Chartered is the first global systemically important bank to be offering cryptoasset trading.” Michau said in an email. “We define institutional clients as financial institutions such as asset managers and investors, and large multinational companies who are clients of our corporate and investment banking division.”
Standard Chartered has been involved in crypto and digital assets for some time. The bank now offers digital assets custody and trading through its corporate and investment bank, and through the companies StanChart invested in, such as Zodia Custody and Zodia Markets. It also offers digital asset tokenization services, through its portfolio company Libeara.
The new service is integrated into Standard Chartered’s existing trading platforms, allowing corporates, asset managers and institutional investors to access crypto markets through familiar FX interfaces. Clients can settle trades to a custodian of their choice, including Standard Chartered’s in-house custody service.
The focus for now will remain on BTC and ETH spot trading with plans to expand the services suite for these crypto assets including the introduction of non-deliverable forwards (NDFs) trading, Michau said.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
