Standard Chartered Bank launches cryptocurrency trading services in the UAE, targeting high-net-worth clients.
45 minutes ago
Standard Chartered has announced the launch of cryptocurrency trading services for high-net-worth clients in the United Arab Emirates (UAE), after securing approval from the Dubai Virtual Assets Regulatory Authority (VARA). Eligible clients can directly trade Bitcoin (BTC) and Ethereum (ETH) via their existing Standard Chartered accounts, with no need for separate wallets or third-party trading platforms; the bank will handle asset custody and transaction settlement. The service is rolled out in partnership with Zodia Markets, initially targeting professional investors in the UAE, with plans to expand to other markets in the future. Standard Chartered noted that this is its first direct cryptocurrency trading service for wealth management clients, and also the first such offering by an international bank in the UAE.
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