The Bitcoin and Ethereum trading platform set up by Standard Chartered is about to become operational and will become part of the bank's foreign exchange trading arm, which will operate from London, according to people familiar with the matter. Banks, including Goldman Sachs Group, have been trading cryptocurrency derivatives for years, but strict regulations have prevented them from trading the underlying assets directly. The Basel Committee on Banking Supervision has proposed that banks must apply a 1,250% risk weight to any unhedged cryptocurrency risk exposure, making it difficult for banks to make profits.
According to a report, Standard Chartered is setting up bitcoin and ethereum trading desks, making it one of the first global banks to enter the trading of spot cryptocurrencies.
Standard Chartered to Set Up Bitcoin and Ethereum Spot Trading Platform to Start Operations Soon
2024-06-22 18:27:36
Informed sources say bank set up bitcoin ethereum trading platformdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
渣打银行设立比特币和以太坊现货交易平台即将开始运作Next article：
周六重要消息汇总
