Standard Chartered Reportedly Planning a Prime Brokerage Service for Crypto Trading
Quick take:
- Standard Chartered is expanding its digital asset footprint after investing in crypto custodian Zodia Custody and institutional trading platform Zodia Markets.
- The London-based lender also offers spot crypto trading for institutional clients, which it launched in July.
- Standard Chartered is not the only traditional bank expanding into crypto trading services, with U.S.-based JPMorgan also launching a trading service for institutions last month.
Standard Chartered is expanding its digital asset strategy with plans to launch a prime brokerage service for crypto trading, Bloomberg reported, citing people with knowledge of the matter.
The new service will be set up within the company’s wholly owned…
