In an age where banks often appear like ships lost in a digital tempest, the venerable Standard Chartered, a financial behemoth, has recently proclaimed to the world its grand venture into the choppy waters of cryptocurrency. Yes, dear reader, they have decided it is time for their institutional clients to engage in spot trading, indulging in the lucrative emissions of Bitcoin
(BTC) $116,748
(who would’ve thought, right? 💸) and Ethereum
(ETH) $2,974. This will surely be a jolly good show of trading enthusiasm! 🌊
The spiny pony of volatility, known as the 24-hour churn—4.6% for Bitcoin and a mere 1.7% for Ethereum—dances with glee as it is reported in the grand ledger of the market, which boasts a staggering
Market cap: $2.32 T
and
Market cap: $358.77 B.
But do not be misled, for in the mystical realm of finance, fortunes swing as wildly as a pendulum, contingent on mere whispers of demand and imaginative regulations! Could this be the dawn of a new age, where traditional banking will walk hand-in-hand with the younger and more rebellious cryptocurrencies? One can only hope, as we chuckle at the irony of institutions donning the cloak of digital innovation whilst clutching their ledgers. 🏦✨
Standard Chartered: The First Among Giants to Spearhead BTC and ETH Trading
On the esteemed day of July 15, Standard Chartered donned the laurels of being the first global, systemically important bank to bestow the privilege of regulated and secure spot trading of these digital riches. One can almost hear the trumpet of victory echo through the hallways of finance.
As they rolled out the ceremonial scroll, announcing plans for further endeavors into the curious world of digital assets—including the soon-to-be-introduced non-deliverable forwards (NDFs)—the chief architect of this grand strategy, Bill Winters, adorned with a confident smirk, proclaimed to Reuters:
“As client demand accelerates further, we want to offer clients a route to transact, trade, and manage digital asset risk safely and efficiently within regulatory requirements.”
Ah, how noble! Meanwhile, Standard Chartered has primarily served as a harbinger of pro-crypto services in far-fetched lands. Earlier, in January 2025, they unveiled such luxuries in Luxembourg, as those delightful financial elves began their dance across Europe.
The ethereal launch of Bitcoin and Ethereum trading within the confines of Britain coincided with Bitcoin shimmering with a fresh all-time high of $123,000—the sheer audacity! This unleashed a whirlwind of enthusiasm, catalyzing the great crypto market rally, as if the very gods of currency were at play. Ethereum also climbed over $3,000 like a valiant knight on a steed, showcasing a commendable 20% surge this week alone.
Hold on to Your Hats! Will Bitcoin Soar to $200K?
In an audacious proclamation, Standard Chartered has set its sights on the lofty Summit of Bitcoin, projecting that this digital gold could dazzle the world at a staggering price of $200,000 by the year 2025. Brave souls, are you ready for this ride? 🎢
The bank claims this rosy outlook is thanks to robust inflows into spot Bitcoin ETFs and the flourishing treasuries of corporations pushing forward like well-oiled machines, coupled with favorable macroeconomic winds prompting our delightful institutional adoption.
As per the latest updates, Bitcoin encountered a minor setback—a mere 5% pullback—now trading just under $117K, attempting to recover from its dizzying high of $123,000. Meanwhile, the broader crypto market cautiously anticipates the impending revelation of US CPI data, pondering whether inflation may stifle this joyous rally. What a merry-go-round! 🎠
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2025-07-15 16:37