Update
Standard Chartered Adds Crypto Trading to UAE Service
Standard Chartered, a London-based bank, has introduced a crypto trading service for affluent clients in the United Arab Emirates. The service allows eligible investors to buy and sell bitcoin BTC and ether ETH through their existing bank accounts. Standard Chartered will manage custody and settlement within its own ecosystem, using a closed-loop model, which means clients will not need separate cryptocurrency wallets or third-party trading platforms. The service is the first of its kind offered by an international bank in the UAE and marks the first time Standard Chartered has offered cryptocurrency trading directly to wealthy clients in any market. The bank received licensing approval from Dubai’s Virtual Assets Regulatory Authority (VARA).