Standard Chartered Launches Direct Bitcoin and Ethereum Crypto Trading via Bank Accounts

21 mins ago

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Varinder is a seasoned leader in the fintech and crypto media with over 13 years of experience, including over 7 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.

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Standard Chartered Launches Direct Bitcoin and Ethereum Crypto Trading via Bank Accounts

Highlights

Standard Chartered launched a first-of-its-kind crypto trading solution for affluent clients,
Eligible clients in the UAE can now buy and sell Bitcoin (BTC) and Ethereum (ETH) directly via bank accounts.
The bank continues to expand crypto capabilities across institutional and wealth services in the UAE.

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Standard Chartered has unveiled a new crypto trading service that lets eligible affluent clients buy and sell Bitcoin and Ethereum directly through their existing bank accounts. This marked a first for the bank and for an international lender in the UAE.

Standard Chartered Enables Direct Bitcoin and Ethereum Trading

Standard Chartered launched a first-of-its-kind crypto trading solution for affluent clients, according to an official announcement on October 14. Eligible professional clients in the UAE can now buy and sell Bitcoin (BTC) and Ethereum (ETH) directly through their existing bank accounts.

It becomes possible through a strategic collaboration between the bank’s Wealth and Retail Banking (WRB) and Corporate and Investment Banking (CIB) businesses, alongside SC Ventures-backed Zodia Markets, and regulation by Dubai’s Virtual Assets Regulatory Authority (VARA).

The crypto trading solution integrates institutional-grade custody, liquidity, and client access within a single, end-to-end digital asset ecosystem. Transactions will run within the bank’s ecosystem under a closed-loop model, reducing wallet risks.

This will enable clients to access crypto assets with their existing banking relationship while benefiting from institutional-grade custody and operational safeguards.

Samir Subberwal, Global Head of Wealth Solutions, Retail Products, Data & Analytics at Standard Chartered, described the launch as a significant milestone that brings crypto assets into the bank’s core wealth offering. He added that clients demand secure, regulated access as digital assets move into the mainstream.

“We are proud to be the first international bank in the UAE to launch a cryptocurrency trading offering,” said Rola Abu Manneh, CEO for UAE, Middle East and Pakistan at Standard Chartered.

Expanding Crypto Capabilities Across UAE Institutional and Wealth Services

The launch builds on Standard Chartered’s broader crypto assets activities in the UAE and other key regions. This builds on Standard Chartered’s launch of spot crypto trading in Bitcoin and Ethereum for institutional clients in the UAE last month.

The service lets eligible institutional clients trade deliverable BTC/USD and ETH/USD through familiar electronic FX platforms, with settlement options including the bank’s own digital asset custody.

As CoinGape reported earlier, Standard Chartered launched institutional USDC minting and redemption through DIFC, becoming the first G-SIB to offer institutional access to USDC through a regulated banking channel.

Recently, Standard Chartered announced institutional custody support for Ripple’s RLUSD stablecoin on the XRP Ledger. The bank also joined Ripple and LMAX Group to enable RLUSD as eligible collateral.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.