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Gate Square New & Returning Creator Rewards are ongoing!
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Standard Chartered Launches Major Cryptocurrency Brokerage Service
Bloomberg reports that Standard Chartered is launching a major cryptocurrency brokerage service for hedge funds and asset managers through its investment arm, SC Ventures.
American banks are also expanding similarly: J.P. Morgan is considering trading cryptocurrencies for its clients, while Morgan Stanley has applied for licenses for Bitcoin, Ethereum, and Solana ETFs.
With $140 billion in currently active spot cryptocurrency ETFs, the demand for infrastructure for major brokerage services is increasing.
Bitcoin price remains around $92,000 as institutional adoption continues to grow.
( #ETFs ) #Bitcoin
#Ethereum #Solana
#Ripple $SOL
$BTC