Standard Chartered Bank is launching Bitcoin and Ethereum spot trading services for institutional clients.

Standard Chartered Bank announced on Tuesday that it has launched spot trading services for Bitcoin and Ethereum for institutional clients through its UK branch to meet the increasing demand for cryptocurrencies, making it the first globally systemically important bank to offer secure, regulated, and scalable channels for spot trading of Bitcoin and Ethereum. The bank stated in a statement that institutional clients including corporations, investors, and asset management companies can now trade digital assets through familiar forex interfaces and will soon offer non-deliverable forward trades.