Standard Chartered Enables Crypto Trading for UAE Clients
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AI-assisted source synthesis · not an independent investigation.
On October 14, 2026, CoinDesk reported that Standard Chartered Bank had launched Bitcoin (BTC) and Ethereum (ETH) trading services for eligible professional investors in the UAE. Clients can buy and sell these two crypto assets through their existing bank accounts, without opening a separate crypto wallet or using a third-party trading platform. The report stated that the service uses a closed-loop model, with Standard Chartered managing custody and settlement itself, and that it has received authorization from the Dubai Virtual Assets Regulatory Authority (VARA). The report did not provide information such as the specific launch date of the service, the number of clients, or trading volume.
AI-written from reports · updated 5 days ago
Timeline
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- CoinDeskStandard Chartered launches direct BTC and ETH trading for high-net-worth clients in the UAE
Standard Chartered has launched BTC and ETH trading services for eligible professional investors in the UAE, allowing clients to buy and sell through their existing bank accounts. The service uses a closed-loop model, with the bank managing custody and settlement in-house, eliminating the need for a separate crypto wallet or third-party trading platform, and has been licensed by Dubai VARA.
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