As a researcher with a background in finance and a keen interest in the evolving digital asset space, I find this news from Standard Chartered particularly intriguing. The bank’s reported intention to launch a dedicated trading desk for Bitcoin and Ethereum represents a significant shift in the financial industry’s stance on cryptocurrencies.
According to Bloomberg’s sources, banking heavyweight Standard Chartered is considering opening a specialized trading desk for Bitcoin and Ethereum, making it one of the first major banks to enter the cryptocurrency trading market.
As a researcher studying the latest developments in the financial sector, I can confirm that our bank’s upcoming crypto desk is approaching operational readiness. This innovative addition will play a significant role in enhancing our FX trading division. Regrettably, details about this project have been kept under wraps due to its confidential nature. Some sources, who wish to remain anonymous, have shared information on the matter.
London will be the base for Standard Chartered’s new crypto trading desk, marking a major shift in focus towards digital assets for this bank with an esteemed background in conventional finance. This move underlines the bank’s acknowledgement of cryptocurrencies’ increasing significance on the global financial stage.
As a researcher studying the latest trends in the financial sector, I’ve noticed that Standard Chartered is among the banks making significant strides in the cryptocurrency industry due to increasing institutional demand. The bank has made investments in two cryptocurrency firms, Zodia Custody and Zodia Markets. These companies offer a range of services catering to various needs within the crypto market, including custody solutions and over-the-counter trading.
As a crypto investor, I’m excited to share that the Australian Securities Exchange (ASX), our country’s largest equities exchange, listed its inaugural spot Bitcoin ETF on Thursday. This significant move comes as global demand for simple and secure ways to invest in digital currencies continues to surge.
The VanEck Bitcoin ETF, denoted as VBTC, commenced trading on the Australian Securities Exchange (ASX), representing approximately 90% of Australia’s total equity market activity.
Over the past 24 hours, Michael Saylor, the CEO and co-founder of MicroStrategy, announced that his firm has procured an extra 11,931 Bitcoins for approximately $786 million. This acquisition was funded using revenues from convertible notes and surplus cash, with each Bitcoin costing around $65,883. Consequently, MicroStrategy now holds a total of 226,331 Bitcoins, which they have bought for roughly $8.33 billion at an average price of $36,798 per Bitcoin.
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2024-06-21 15:16