Standard Chartered Launches Bitcoin and Ethereum Trading for Wealthy UAE Clients

Standard Chartered has launched cryptocurrency trading for affluent clients in the United Arab Emirates, allowing eligible investors to buy and sell Bitcoin and Ethereum directly through their existing bank accounts. The October 14 launch marks the bank's first cryptocurrency trading offering for wealth clients globally and the first such service introduced by an international bank in the UAE. The offering has received licensing approval from Dubai's Virtual Assets Regulatory Authority (VARA) and initially targets customers classified as Professional Investors.