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 […]
Standard Chartered embraces bitcoin with new trading platform
Standard Chartered’s move is one of the strongest moves by a mainstream bank into the crypto space
Standard Chartered PLC (LON:STAN) is to set up a cryptocurrency trading platform in the UK and Europe in a contrary stance to Asia- focused rival HSBC (LON:HSBA).
The venture will be aimed at institutions and be developed through a joint venture between its digital arm SC Ventures and BC Technology, which operates Hong Kong-licensed cryptocurrency exchange OSL.
Mainstream banks have so far been by and large reluctant to embrace cryptocurrencies fully given uncertainty over their volatility and uncertain regulatory status in key countries such as the US and UK.
Standard Chartered's premier venture capital arm, SC Ventures, has teamed up with Chinese investment firm, BC Technology, for a new digital asset trading
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