Last Updated on: 22nd July 2023, 07:31 pm
Standard Chartered’s main venture capital arm, SC Ventures, has partnered with Chinese investment firm BC Technology to create a new digital asset trading platform tailored for the institutional market, Decrypt reports.
According to the report, the new Crypto platform is essentially aimed at investors in the UK and other European countries allowing them to trade Bitcoin and Ethereum, as well as some other lower capitalization cryptocurrencies.
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Alex Manson, head of SC Ventures, told Reuters, “We firmly believe that digital assets will stay and be accepted by the institutional market as a highly relevant asset class.”
Basically, Standard Chartered’s new crypto trading platform has five of the largest over-the-counter (OTC) traders with four exchanges.
The platform aims to provide a state-of-the-art brokerage and exchange platform to enable safe introduction and trading among the world’s leading crypto investors. The first trial run is expected to take place in July and, according to CoinDesk, will include the 10 largest digital exchanges in the world.
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