Standard Chartered becomes latest major bank to launch crypto service

Standard Chartered becomes latest major bank to launch crypto service
фото показано с : invezz.com

2021-6-3 15:01

Top banking corporation Standard Chartered has given its clients access to cryptocurrencies by launching a crypto exchange and brokerage service by launching.

The bank stated that SC Ventures, its innovative arm will be setting up the crypto exchange platform.

However, the bank is not alone in this project, as it’s collaborating with the BC Technology group to make it possible.

Building a platform for institutional clients

The project’s team will be building the exchange platform for corporate and institutional clients in the UK and Europe.

Standard Chartered will be bringing its experience and global network while BC Group will provide the technology used in OSL, its Hong Kong-based digital asset platform.

The leaders of the venture have been appointed. SC Ventures’ Nick Philpott will be the chief operating officer of the exchange while Usman Ahmad of BC Group will be its chief executive officer.

Head of SC Ventures, Alex Manson, has commented on the development.

He stated that both companies believe that the digital assets industry will be adopted massively by the institutional market.  “We are constructing the building blocks for a safe and reliable investment infrastructure,” he reiterated.

The new platform will be connecting institutional investors with counterparties trading Bitcoin (BTC/USD), Ethereum (ETH/USD), and other cryptocurrencies.

A growing list of top banks that have embraced Crypto

Standard Chartered Bank’s announcement is coming shortly after Noel Quinn, HSBC Chief Executive Officer, stated that his bank will not be launching any crypto-based services The bank recently updated its policies, banning clients from trading in stocks of companies with ties to crypto investment.

But the recent announcement by Standard Chartered Bank means that the bank has joined a growing list of major banks in the world that have embraced cryptocurrency.

The list includes DBS, Citigroup, Morgan Stanley, and Goldman Sachs. It’s evidence that Bitcoin and cryptocurrencies are gradually penetrating the mainstream market.

The post Standard Chartered becomes latest major bank to launch crypto service appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto service standard chartered exchange bank launching

Источник: invezz.com

crypto service → Результатов: 126


Фото:

Crypto Garage and Blockstream Receive First Ever Regulatory Approval to Test Japanese Yen Stablecoin

Crypto Garage, a subsidiary of the Japanese IT company Digital Garage, Inc, announced on January 21, 2019, that it would test issuance of JPY stablecoins on their SETTLENET platform. The Stablecoin Euphoria Expands to Japan The blockchain fintech company will pilot a delivery versus payment settlement service between JPY tokens and digital assets in a project fully authorized under the.

2019-1-22 14:00


Фото:

TradeStation Plans To Launch a Cryptocurrency Trading Platform and Brokerage in 2019

Monex Group Company TradeStation Group Inc. will be moving into the cryptocurrency sector this year via a recently created subsidiary called TradeStation Crypto, Inc. The final details of the company’s new product offering will be released later this year, but they have highlighted their intention of creating an online crypto brokerage service.

2019-1-15 17:59


P2P Lending Service Lendabit.Com Reveals Its Team and Advisors

Presently, the fintech industry is irreversibly facing the era of digitalization, expansion of blockchain and the Internet of Things. In view of these phenomena, peer-to-peer (P2P) lending secured by crypto collateral is conquering the marketplace, thus offering transparency, speed, global access to cryptocurrencies, new opportunities for further growth and development.

2019-1-12 12:49


P2P lending service Lendabit.com reveals its team and Advisors

Presently, the fintech industry is irreversibly facing the era of digitalization, expansion of blockchain and the Internet of Things. In view of these phenomena, peer-to-peer (P2P) lending secured by crypto collateral is conquering the marketplace, thus offering transparency, speed, global access to cryptocurrencies, new opportunities for further growth and development.

2019-1-12 21:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin ETFs record second-best inflow day since March, $886.6m added

The U.S.-based spot Bitcoin exchange-traded funds (ETFs) have experienced their second-best-ever joint net inflow day, with preliminary data indicating an inflow of $886.6 million. According to data from Farside Investors, the Fidelity Wise Origin Bitcoin Fund (FBTC) led with an…

Bitcoin ETFs see $45m in inflows

Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded a net inflow of $45 million on May 28.   This extended their win rate to 11 straight days despite the Grayscale Bitcoin Trust ETF (GBTC) experiencing $105.