# Standard Chartered to Launch Bitcoin, Ether Trading Desk Amid Institutional Demand By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/business/12099 Published: 2024-06-24T04:14:47.000Z Updated: 2024-06-24T04:14:47.000Z Section: Business > Standard Chartered may establish a trading desk for Bitcoin and Ether, responding to increased institutional demand. The multinational bank is working with regulators to support this interest, reflecting the rising le… Standard Chartered may establish a trading desk for Bitcoin and Ether, responding to increased institutional demand. The multinational bank is working with regulators to support this interest, reflecting the rising legitimacy of [ cryptocurrency]() investments. Standard Chartered Collaborates with Regulators to Meet Institutional Demand for Bitcoin, Ether Trading A representative of Standard Chartered informed [Cointelegraph]() that the company has been collaborating with regulators to address the demand of institutional clients for trading BTC and [ ETH](). Standard Chartered, a multinational bank, may establish a trading division for Bitcoin and Ether. Bloomberg [announced]() on June 21 that the [ crypto]() division would commence operations shortly. The report indicates that the offering will be operated from [ London](), United Kingdom, under the bank's FX trading unit, as anonymous sources indicate. Standard Chartered did not corroborate or deny the report when Cointelegraph contacted them. Nevertheless, the bank disclosed that there had been a demand from its clients to invest in BTC and [ ETH](). They composed the following: “We have been working closely with our regulators to support demand from our institutional clients to trade Bitcoin and [ Ethereum](), in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability.” The representative of Standard Chartered declined to offer any additional commentary. [Crypto]() Community and Industry Leaders Applaud Standard Chartered’s Potential Bitcoin, Ether Trading Desk [Crypto]() community members celebrated the prospective development even though Standard Chartered still needed to confirm the move. According to a Twitter [user](), the move may be a "significant step" and a major endorsement of [ crypto]()'s expanding legitimacy. Additionally, the user believes this could increase investor confidence and facilitate adoption. Another user reiterated this sentiment, stating that the new development could lead to a greater acceptance of BTC and [ ETH]() trading in the mainstream. Meanwhile, Binance CEO Richard Teng appeared on X to greet the multinational bank's entry into the [ cryptocurrency]() market. According to another community member, the bank is preparing to provide services to significant actors in traditional finance and anticipates that additional funds will be directed toward BTC. Goldman Sachs, a multinational bank, has reported that, in addition to Standard Chartered, many of its clients are demonstrating a renewed [interest]() in [ crypto]() assets this year. Goldman Sachs executive Max Minton emphasized on March 24 that customers are investigating the [ crypto]() sector. Minton stated that the resurgence of institutional interest was precipitated by the sanction of spot Bitcoin exchange-traded funds (ETFs) in the United States. Photo: [Microsoft Bing]() [TokenPost]() | info@tokenpost.com ## Links in this article - [cryptocurrency](https://www.econotimes.com/Standard-Chartered-to-Launch-Bitcoin-Ether-Trading-Desk-Amid-Institutional-Demand-1680063#) - [Cointelegraph](https://cointelegraph.com/news/standard-chartered-bitcoin-ether-trading-desk) - [announced](https://www.bloomberg.com/news/articles/2024-06-21/crypto-trading-stanchart-launches-spot-btc-eth-desk) - [user](https://twitter.com/Crypto_Shark12/status/1804097301264159139) - [interest](https://cointelegraph.com/news/goldman-sachs-hedge-fund-clients-come-back-crypto-bitcoin) - [Microsoft Bing](https://www.bing.com/images/create/standard-chartered-to-launch-bitcoin2c-ether-tradin/1-6675ece643a04372838121c9a0e9abb5?id=WJdGBdKb3xkxlTuHfbfqjQ%3d%3d&view=detailv2&idpp=genimg&thId=OIG3.m_JoZ__6K07qw_30ZLW4&FORM=GCRIDP&mode=overlay) - [TokenPost](https://www.tokenpost.com)