Standard Chartered’s crypto trading stays inside the bank

Standard Chartered has begun offering Bitcoin and Ether trading through existing bank accounts to Professional Investor clients in the UAE. Customers do not need a separate wallet, and the bank says it will handle custody and settlement within a closed loop system. The convenience has a defined boundary: the announcement explains how customers can buy and sell inside the bank but does not specify whether they can withdraw coins to a wallet they control. Standard Chartered launched BTC and ETH trading for UAE Professional Investor clients on October 14.