Standard Chartered Will Establish A Cryptocurrency Platform

Standard Chartered will establish a cryptocurrency platform. This initiative will be supported by two companies.

UK-based banking and financial services company Standard Chartered reported that it is in preparation for establishing a cryptocurrency exchange platform that plans to serve corporate firms in the UK and Europe. This initiative of Standard Chartered will reportedly be supported by two companies. One of them will be SC Ventures, the innovation arm of the company, and the other will be BC Technology Grou, the owner of Hong Kong-based cryptocurrency exchange OSL. OSL is also the first cryptocurrency exchange to be recognized by the Hong Kong Securities and Exchange Commission. In the statement made by the bank, it was stated that this platform, which is planned to be established, focuses on institutional investors in Europe and aims to combine these institutional companies with those who invest in digital assets, especially Bitcoin and Ethereum. HSBC, which is described as the biggest competitor of Standard Chartered both in the world and in the UK, announced that they would not work in such a field.