Standard Chartered G-SIB to Launch Crypto Spot Trading in U.A.E. — Market Talk
Standard Chartered has launched institutional bitcoin and ether spot trading in the U.A.E. through its Dubai International Financial Centre branch, becoming the first Global Systemically Important Bank (G-SIB) to offer the service in the country. Eligible institutional clients can trade deliverable Bitcoin and Ether through the bank's existing electronic trading channels and settle trades with a custodian of their choice. The Dubai Financial Service Authority-regulated offering expands Standard Chartered's U.A.E. digital-asset business beyond custody, which it launched in 2024, and extends a spot-trading capability first introduced through its U.K. branch last year. ([email protected])