Standard Chartered just dropped a crypto bombshell: it’s now letting institutional clients trade bitcoin and ether spot directly through its Dubai branch — the first globally systemically important bank to do so in the UAE. Leveraging its existing FX platforms and letting clients pick their own custodian (including its own digital asset service), this move signals a major regulatory shift in the region, with the UAE leading the charge. Standard Chartered’s broader vision includes custody, trading, and tokenization — and they’ve already been experimenting with stablecoins. While big banks have long avoided crypto due to compliance nightmares, this marks a turning point — especially outside the U.S. But to truly woo hedge funds, they’ll need to add derivatives and guarantee 24/7 liquidity. This is just the beginning of the institutional crypto revolution.
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