• Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png

Stanchart unit to launch cryptocurrency trading platform

A Standard Chartered PLC unit intends to establish a cryptocurrency brokerage and exchange platform in Britain and Europe. The bank said that this targets the institutional clients. The new exchange will be created by a joint venture between SC Ventures, the bank’s innovation arm, and BC Technology Group. This operates Hong Kong-licensed cryptocurrency exchange OSL.

StanChart is one of the strongest endorsements yet from a mainstream lender for cryptocurrencies. This is because the global banks juggle client’s interest in the digital coins with concerns about their risks. The move from Asia, Africa and Middle East-focused in the Stanchart. The Stanchart’s new platform will target the European market. The bank said that this connects institutional traders with counterparties trading bitcoin, ether and other digital assets.

YOU MAY ALSO LIKE

US Grants $362 Million Loan to CelLink Corp: A Boost for Electric Vehicle Manufacturing

Meta Platforms Unveils Llama 3 and Enhanced AI Assistant Amidst Generative AI Race

StanChart rival HSBC’s chief executive told last month that the bank has no plans to launch a trading desk for cryptocurrencies.  Alex Manson of SC Ventures said that they have a strong conviction that digital assets are there to stay and will be adopted by the institutional market as a highly relevant asset class. OSL was the first cryptoexchange to be licensed by Hong Kong’s Securities and Futures Commission.

Tags: Crypto currencyFinTechStandard CharteredTechnology

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Walmart Reinstates Minimum Basket Fee for Assistance Program Customers Amid Spending Concerns

Walmart Reinstates Minimum Basket Fee for Assistance Program Customers Amid Spending Concerns

British Stocks Experience Gains Following Automotive Tariff News

British Stocks Experience Gains Following Automotive Tariff News

ECB Sets Up Task Force to Examine Simplification of European Banking Regulations

ECB Sets Up Task Force to Examine Simplification of European Banking Regulations

Sterling Strengthens to Seven-Month High Amid Weakening Dollar and Fed Concerns

Sterling Strengthens to Seven-Month High Amid Weakening Dollar and Fed Concerns

Micron’s Business Restructuring Aimed at Capturing AI-Driven Cloud Memory Demand

Micron’s Business Restructuring Aimed at Capturing AI-Driven Cloud Memory Demand

U.S. and Japan Near Interim Trade Pact as Major Issues Remain Unresolved

U.S. and Japan Near Interim Trade Pact as Major Issues Remain Unresolved

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

Walmart Reinstates Minimum Basket Fee for Assistance Program Customers Amid Spending Concerns

British Stocks Experience Gains Following Automotive Tariff News

ECB Sets Up Task Force to Examine Simplification of European Banking Regulations

Sterling Strengthens to Seven-Month High Amid Weakening Dollar and Fed Concerns

Micron’s Business Restructuring Aimed at Capturing AI-Driven Cloud Memory Demand

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.