Standard Chartered launches BTC, ETH trading for wealthy clients in UAE

Standard Chartered said it has launched Bitcoin and Ethereum trading services for high-net-worth clients in the UAE, marking the first such offering in its global business and the first among global banks operating in the UAE. Eligible clients can buy and sell BTC and ETH directly through existing Standard Chartered bank accounts without using a separate wallet or an external exchange. The service is overseen by Dubai’s Virtual Assets Regulatory Authority, or VARA. Last month, Standard Chartered launched spot BTC and ETH trading and custody services for institutional investors in the UAE.