October 14th 2026, 9:17 AM
UAE Banks on Crypto Adoption with Standard Chartered's Institutional Spot Trading
Key Summary
Standard Chartered has launched a crypto trading service in the UAE, allowing eligible Professional Investor clients to buy and sell Bitcoin and Ethereum through their existing bank accounts, marking a significant step forward in the region's crypto market and attracting institutional investors.
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Standard Chartered Launches Crypto Trading Service in UAE
Standard Chartered has launched a crypto trading service in the UAE, allowing eligible Professional Investor clients to buy and sell Bitcoin and Ethereum through their existing bank accounts.Regulatory Approval
The bank received licensing approval from Dubai's Virtual Assets Regulatory Authority (VARA) to offer the service.Benefits of the Service
The service provides institutional-grade custody, liquidity, and client access in a single digital-asset ecosystem.Expansion Plans
The bank plans to expand the offering to other markets over time, but has not named a destination or timetable.Standard Chartered, VARA, Zodia Markets
Regulatory Enforcement
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