Standard Chartered Launches Direct UAE Crypto Trading

Standard Chartered has debuted a first-of-its-kind service allowing affluent UAE clients to trade Bitcoin and Ethereum directly through their bank accounts with in-house custody and settlement.

The top 3

  1. Closed-Loop Trading Mechanism: The bank manages end-to-end custody and settlement within its own ecosystem, preventing clients from transferring crypto in or out of the service.
  2. Strict Professional Investor Eligibility: Access is restricted to qualified professional investors, requiring at least 4 million dirhams in net assets, excluding primary residence.
  3. Strategic Partnership with Zodia: The service operates through a collaboration involving the bank's wealth divisions and Zodia Markets, a firm backed by SC Ventures.

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