Standard Chartered: Leading the Charge in Crypto Trading Services
Standard Chartered is set to become a trailblazer in the banking industry by initiating direct trading desks for Bitcoin and Ethereum.
With the establishment of a dedicated crypto trading desk, Standard Chartered is poised to set new benchmarks in the financial sector.
The acquisition of Elwood Capital Management by Zodia Markets, a subsidiary of Standard Chartered, is expected to enhance OTC trading services.
Zodia Markets has formed a partnership with CoinMENA, a cryptocurrency platform licensed by the Central Bank of Bahrain.
By acquiring Elwood Capital, Zodia Markets will obtain the necessary licenses to operate as a virtual asset service provider and investment business in Jersey.
The series of strategic decisions taken by Standard Chartered, including the launch of a crypto trading desk and the acquisitions and partnerships.