StanChart is set to launch a spot crypto trading platform for Ethereum and Bitcoin, according to sources cited by Bloomberg. The multinational financial institution intends to launch a spot crypto trading desk that will oversee Ethereum (ETH) and Bitcoin (BTC) transactions.

The move is anticipated to serve the growing number of institutional clients that are interested in Ether and Bitcoin, and will function under the bank’s foreign exchange (FX) unit. StanChart mentioned in an email to Bloomberg that it has been collaborating closely with regulators to meet the demands of…

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