As you have been following on Kriptokoin.com, cryptocurrencies are becoming more accepted globally. As a matter of fact, big banks cannot keep silent
Standard Chartered Bank is preparing to launch a cryptocurrency trading platform to offer spot trading of Bitcoin (BTC) and Ethereum (ETH), according to a report by Bloomberg on June 21.
The platform will reportedly operate in London and will be a significant development for Standard Chartered, which has been exploring the digital asset space for some time.
The bank is expected to offer a limited selection of cryptocurrencies initially, with the potential to expand the offering in the future.
The move by Standard Chartered comes amid growing institutional adoption of cryptocurrencies and increasing demand for spot trading options among customers.
Several banks, including Goldman Sachs and Morgan Stanley, have already begun offering cryptocurrency trading services to their clients.
The entry of Standard Chartered into this market is likely to further legitimize cryptocurrencies and boost their mainstream acceptance.
Meanwhile, Germany is currently sitting on a stash of 50,000 Bitcoins, which are valued at $3.24 billion at the current price.
Of this total, $1.1 billion is unrealized profit, as the government reportedly sold 3,000 BTC recently.
The German government’s foray into the cryptocurrency space began years ago when it confiscated BTC from various criminal activities.
Over the years, it has sold some of these assets, but a large portion still remains in its custody.
While Germany’s ownership of such a vast quantity of cryptocurrencies is undoubtedly substantial, it pales in comparison to the holdings of the United States, which owns 213,246 Bitcoins, or $13.7 billion.
China, despite selling a large stash in 2019 and reinstituting the Bitcoin ban in 2017, still reportedly holds 190,000 Bitcoins.
The recent sell-offs by the German government, coupled with massive outflows from spot Bitcoin ETFs, pushed the BTC price below $65,000 recently.
News source：https://www.kdj.com/cryptocurrencies-news/articles/standard-chartered-bank-launches-cryptocurrency-trading-platform.html
The above is the detailed content of Standard Chartered Bank Launches Cryptocurrency Trading Platform!. For more information, please follow other related articles on the PHP Chinese website!
FloppyPepe (FPPE) Price Could Explode As Bitcoin (BTC) Price Rallies Towards $450,000May 09, 2025 am 11:54 AMAccording to a leading finance CEO, the Bitcoin price could be set for a move to $450,000. This Bitcoin price projection comes after a resurgence of good performances, signaling that the bear market may end.
Pi Network Confirms May 14 Launch—Qubetics and OKB Surge as Best Cryptos to Join for Long Term in 2025May 09, 2025 am 11:52 AMExplore why Qubetics, Pi Network, and OKB rank among the Best Cryptos to Join for Long Term. Get updated presale stats, features, and key real-world use cases.
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) Declares a Dividend of $0.88 Per ShareMay 09, 2025 am 11:50 AMTORONTO, May 8, 2025 /CNW/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.88 per share on the common shares of the Company has been de
Sun Life Announces Intended Renewal of Normal Course Issuer BidMay 09, 2025 am 11:48 AMMay 7, 2025, the Company had purchased on the TSX, other Canadian stock exchanges and/or alternative Canadian trading platforms
The Bitcoin price has hit $100k for the first time since February, trading at $101.3k at press time.May 09, 2025 am 11:46 AMBTC's strong correlation with the Global M2 money supply is playing out once again, with the largest cryptocurrency now poised for new all-time highs.
Coinbase (COIN) Q1 CY2025 Highlights: Revenue Falls Short of Expectations, but Sales Rose 24.2% YoY to $2.03BMay 09, 2025 am 11:44 AMBlockchain infrastructure company Coinbase (NASDAQ: COIN) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 24.2% year
Ripple Labs and the SEC Have Officially Reached a Settlement AgreementMay 09, 2025 am 11:42 AMRipple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached a deal that, if approved by a judge, will bring their years-long legal battle to a close.
JA Mining Helps Global Users Share the Benefits of the Bitcoin Bull MarketMay 09, 2025 am 11:40 AMBy lowering the threshold for mining and providing compliance protection, JA Mining helps global users share the benefits of the Bitcoin bull market.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool
SublimeText3 English version
Recommended: Win version, supports code prompts!
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
Dreamweaver CS6
Visual web development tools
