{"id":5591,"date":"2021-06-02T13:41:25","date_gmt":"2021-06-02T13:41:25","guid":{"rendered":"http:\/\/TheNextWeb=1355512"},"modified":"2021-06-02T13:41:25","modified_gmt":"2021-06-02T13:41:25","slug":"standard-chartered-jumps-into-crypto-trading-after-hsbc-darts-away","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=5591","title":{"rendered":"Standard Chartered jumps into crypto trading after HSBC darts away"},"content":{"rendered":"\n
<\/div>\n

Standard Chartered is hopping on the crypto trading bandwagon.<\/p>\n

The British banking giant today announced that its innovation unit, SC Ventures, will launch a digital asset brokerage and exchange platform for institutional clients in Europe.<\/p>\n

StanChart is establishing the venture alongside BC Technology Group, the parent company of Hong Kong-licensed digital-asset platform OSL.<\/p>\n

The partnership will be based in the UK and offer trading in Bitcoin, Ethereum, and other digital assets.<\/span><\/p>\n

Alex Mason, the head of SC Ventures, said the platform will enable safe adoption and trading by the world\u2019s largest investors:<\/span><\/p>\n

\n

We have a strong conviction that digital assets are here to stay and will be adopted by the institutional market as a highly relevant asset class.<\/span><\/p>\n<\/blockquote>\n

[Read: This dude drove an EV from the Netherlands to New Zealand \u2014 here are his 3 top road trip tips<\/a>]<\/em><\/p>\n

The project brings another financial giant into the crypto trading fray.<\/p>\n

Mira Christanto, an analyst at data provider Messari, tweeted that the move \u201cwill catapult crypto adoption by 10 years.\u201d<\/span><\/p>\n

\n

\u2705Standard Chartered join the ranks of banks coming to #Bitcoin<\/a>. Forming a platform with crypto-native exchange OSL.
This will catapult crypto adoption by 10 years.<\/p>\n

\u2705 DBS
\u2705 Goldman Sachs
\u2705 Morgan Stanley
\u2705 Wells Fargo
\u2705 JPM
\u2705 Citi#LFG<\/a> \ud83d\ude80 https:\/\/t.co\/zte3koFGH1<\/a><\/p>\n

\u2014 Mira Christanto (@asiahodl) June 2, 2021<\/a><\/p>\n<\/blockquote>\n

However, not every major financial institution shares StanChart\u2019s faith in digital assets. The bank\u2019s arch-rival, HSBC, revealed last week<\/a> that it\u2019s got no plans to launch a crypto trading desk or offer clients virtual currencies due to the market\u2019s volatility.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Standard Chartered is hopping on the crypto trading bandwagon. The British banking giant today announced that its innovation unit, SC Ventures, will launch a digital asset brokerage and exchange platform for institutional clients…<\/p>\n","protected":false},"author":1,"featured_media":5592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/5591"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5591"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/5591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/5592"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}