Standard Chartered Opens Bitcoin and Ethereum Trading to Wealthy UAE Clients
60-second summary
Standard Chartered launches direct Bitcoin and Ethereum trading for wealthy UAE clients after securing Dubai regulatory approval, allowing affluent customers to purchase BTC and ETH straight from their bank accounts while the bank retains custody and settlement internally. This move signals growing institutional acceptance of crypto, potentially boosting demand among high‑net‑worth investors and encouraging other banks to offer similar services.
The British bank won Dubai regulatory approval to let affluent clients buy BTC and ETH straight from their bank accounts, with custody and settlement kept in-house.