Bitcoin
$ 48,197
Ethereum
$ 3,474.8
Litecoin
$ 183.74
okex ads

Standard chartered plc set to create cryptocurrency brokerage and exchange platform

A Bank by the name Standard Chartered PLC (STAN.L) unit, has said she intends to establish a cryptocurrency brokerage and exchange platform in UK and Europe, thereby targeting  institutional clients.

The move which is from Asia, Africa and Middle East, is absolutely band very focused.  Recall that StanChart is one of the strongest endorsements, which is from a mainstream lender for cryptocurrencies, as global banks juggle clients’ interest in the digital coins with concerns about their risks.

According to the bank, this development, means that StanChart’s new platform will focus on the  European market, thereby connecting institutional traders, with counterparties trading bitcoin, either or together with other digital assets, 

This new exchange will be created by a joint venture between SC Ventures, the bank’s innovation arm, and BC Technology Group (0863.HK), which operates Hong Kong-licensed cryptocurrency exchange OSL.

However, the move marks a contrast with StanChart rival HSBC, whose chief executive had informed Reuters last month that the bank has no plans to launch a trading desk for cryptocurrencies. 

Meanwhile, Alex Manson of the SC ventures in his opinion said  the company  has a strong conviction that digital assets are here to stay and will be adopted by the institutional market as a highly relevant asset class.

 

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

MATIC price has more legs up as Polygon buyers step in
September 18, 2021By
In five days of Alonzo upgrade, the Cardano blockchain has more than 200 smart contracts
September 18, 2021By
Shiba Inu price is in for a treat with 45% upside potential
September 18, 2021By

Advertisement

Video Posts

In
Impact Of Technology On 4.0
July 6, 20210
In
Importance Of Cryptography
July 3, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin48,197 0.45 % 0.58 % 7.58 %
Ethereum3,474.8 0.91 % 2.45 % 8.25 %
Cardano2.390 0.80 % 1.26 % 0.49 %
Tether1.010 0.30 % 0.39 % 0.64 %
Binance Coin415.38 0.56 % 1.38 % 3.42 %
XRP1.080 0.44 % 1.25 % 2.73 %
Solana145.94 0.36 % 1.16 % 18.16 %
Polkadot34.22 0.81 % 6.51 % 18.02 %
Dogecoin0.2446 0.62 % 3.31 % 1.84 %
USD Coin1.000 0.11 % 0.39 % 0.40 %

You have not selected any currencies to display