UK banking giant Standard Chartered has just announced it plans to open an institutional cryptocurrency exchange platform for UK and European clients.
As part of the process of creating this platform, SC Ventures, the bank's innovation and ventures branch, has teamed up with BC Group, the parent company of crypto exchange OSL, which is licensed in Hong Kong.
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The exchange, scheduled to launch in the fourth quarter of the year, aims to offer institutional clients the ability to trade cryptos such as BTC and ETH.
It must be noted that this is not the bank's only cryptocurrency-related initiative, as SC Ventures is working to launch Zodia Custody, a crypto custody service.