Standard Chartered to Reportedly Roll Out a Bitcoin (BTC) and Ethereum (ETH) Trading Desk Based in London

British banking titan Standard Chartered is reportedly going to roll out a Bitcoin (BTC) and Ethereum (ETH) trading desk based in London.

Banking behemoth Standard Chartered is set to launch a Bitcoin (BTC) and Ethereum (ETH) trading desk in London, according to a report by Bloomberg on Monday.

People familiar with the matter told Bloomberg that the financial services giant is preparing to launch a spot market crypto trading service. The new trading desk is reportedly nearing launch and will be integrated into the bank’s forex trading service.

“We have been working closely with our regulators to support demand from our institutional clients to trade Bitcoin and Ethereum, in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability,” Standard Chartered told Bloomberg in an email.

Last year, Standard Chartered launched Libeara, a blockchain platform that is designed to help companies tokenize real-world assets.

Earlier this year, Standard Chartered analysts increased their price prediction for the top crypto asset by market capitalization in 2025 by 50%, citing the success of spot market Bitcoin exchange-traded funds (ETFs) that were approved by regulators in January.

At the time, analyst Geoff Kendrick stated in a note to investors that the bank is increasing its 2025 price target for Bitcoin from $100,000 to $150,000.

Bitcoin’s price is currently around $64,132, showing a 1.55% decrease over the last 24 hours.

News source：https://www.kdj.com/cryptocurrencies-news/articles/standard-chartered-reportedly-roll-bitcoin-btc-ethereum-eth-trading-desk-based-london.html

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