Standard Chartered has launched Bitcoin and Ether transactions.

2025-07-14 23:59:16

Abstract generation in progress

Standard Chartered Bank, which regularly publishes reports and analyses on Bitcoin and cryptocurrencies, has taken another significant step. The bank announced that it has opened spot Bitcoin and Ether transactions for institutional investors through its UK branch.

In a statement to Reuters, the bank also stated that Standard Chartered is the first institution to do this among reliable banks worldwide.

“Customer demand is increasing”

The bank’s CEO, Bill Winters, stated that customer demand for cryptocurrencies is steadily increasing and said, “We believe it is important to demonstrate safe custody and transaction activities in this area. We want to meet the high demand.”

The bank’s digital assets manager Geoff Kendrick stated in a report he prepared at the beginning of the month that they stand by their year-end prediction of 200 thousand dollars for Bitcoin.

In fact, Kendrick had said, “A price of 135 thousand dollars could be seen in the 3rd quarter.” About 2 weeks after that report, Bitcoin had risen to 123 thousand dollars.

Published: July 15, 2025 10:59 Last Updated: July 15, 2025 11:06

BTC-1.91%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.