Standard Chartered Bank’s UK branch has launched spot trading services for Bitcoin and Ethereum, marking the first instance of a global bank offering cryptocurrency trading through a conventional foreign exchange (FX) interface. The initiative highlights escalating institutional engagement with digital assets and signals potential market transformations.
The bank’s optimistic projection suggests Bitcoin could rise to $200,000 by late 2025, reinforcing confidence amid recent market volatility. Bitcoin’s 90-day surge exceeding 40% and a market capitalization of $2.32 trillion further demonstrate its growing institutional adoption and stability.
This service bridges traditional finance and digital assets by providing a regulated, accessible platform for institutional traders. Regulatory compliance remains central, with the bank operating within established frameworks while adapting to evolving cryptocurrency regulations.