The international banking group has been granted a licence by the Dubai Financial Services Authority, allowing it to custody its clients' digital assets.
Mox, a Hong Kong virtual bank owned by Standard Chartered, launched Bitcoin and crypto ETF trading. This makes Mox the first virtual bank in Hong Kong to offer such product.
Standard Chartered is launching a spot Bitcoin trading desk in London, becoming one of the first major banks to offer direct Bitcoin trading amid growing institutional demand.
Standard Chartered sees Bitcoin falling to $50,000 near-term amid outflows and tight liquidity, but maintains a bullish long-term outlook with a $150,000 target for 2024.
