Standard Chartered expands Bitcoin and Ether trading to professional investors in UAE
Standard Chartered expanded its spot crypto trading services to professional investors in the UAE region, with plans to offer access to more market participants.
Standard Chartered has expanded Bitcoin (BTC) and Ether (ETH) trading to wealthy clients in the United Arab Emirates (UAE) who qualify as professional investors.
Eligible investors can trade these assets within their existing Standard Chartered bank accounts, the London-headquartered multinational bank announced Wednesday.
Standard Chartered’s eligibility criteria require individuals to have at least 4 million dirhams (about $1.1 million) in net assets, excluding their main residence, and sufficient investment knowledge and experience or representation by a licensed entity.