British bank Standard Chartered on Wednesday announced a bitcoin trading service for affluent clients in the United Arab Emirates. It is the first such service offered by an international bank in the country. Clients will be able to buy bitcoin directly through their bank accounts without third-party apps or wallets. The bank will manage end-to-end custody and settlement through a closed-loop model, reducing exposure to third-party wallet risks. Standard Chartered is also expanding its crypto custody services and plans to offer them to institutional clients in Singapore.
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