Standard Chartered launched a crypto trading service in the UAE on October 14, allowing eligible Professional Investor clients to buy and sell Bitcoin and Ethereum through their existing bank accounts. The service enables trade execution, custody and settlement within a closed-loop ecosystem managed end-to-end by the bank, eliminating the need for third-party wallets. This offering, described as a global first for the bank and a first of its kind by an international bank in the UAE, received regulatory approval from the Dubai Virtual Assets Regulatory Authority (VARA). The bank plans to expand the offering to other markets in the future, without specifying destinations or a timeline.
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