Current outcome
Standard Chartered launched direct Bitcoin and Ethereum trading for its affluent UAE clients after receiving a Virtual Assets Regulatory Authority license in Dubai, offering buy/sell, custody and settlement through existing bank accounts in a closed-loop model built with Zodia Markets.
Progress timeline
3 material updates- #01
Standard Chartered launches spot Bitcoin and Ether trading in UAE
Standard Chartered launches spot Bitcoin and Ether trading for institutional clients in the UAE, claiming to be the first major global bank to offer this in the region.
Source evidence: Cointelegraph
- #02
Standard Chartered unlocks direct bitcoin and ether trading for affluent UAE clients
Standard Chartered launched a first-of-its-kind-in-the-UAE crypto trading service letting affluent, professional-investor clients buy and sell bitcoin and ether directly through bank accounts, with custody and settlement handled in-house via a closed-loop model.
- #03
Standard Chartered expands Bitcoin and Ether trading to professional investors in UAE
Standard Chartered expanded its spot Bitcoin and Ether trading in the UAE to professional investors, allowing eligible clients to trade within existing bank accounts; eligibility requires at least AED 4 million (~$1.1M) in net assets, and the bank plans to broaden access further.
State after update: Standard Chartered now offers spot Bitcoin and Ether trading in the UAE to both institutional clients and professional investors, with plans to expand to more market participants.
Source evidence: Cointelegraph