Analysis Crypto by Thebittimes.Com

In what is certainly an important development for the industry, Standard Chartered is reportedly now set to offer Bitcoin and crypto custody services in the European Union (EU). Indeed, the $870 billion asset manager has formed a new entity in Luxembourg to provide the new offerings, according to a Reuters report. The move is one that looks to “cash in on the growing demand for digital security,” the report notes. Moreover, they are certainly not alone. As the asset class surged in popularity and value last year, interest has reached new heights. Now Standard Chartered is one of many financial institutions looking to expand their presence in the industry in 2025. JUST IN: $870 billion asset manager Standard Chartered to offer Bitcoin & crypto custody services in Europe. — Watcher.Guru (@WatcherGuru) January 9, 2025 Also Read: Standard Chartered Says Bitcoin Will Double to $200,000 in 2025 Standard Chartered to Offer Crypto Custody in EU Through New Entity With the new year ...

As Bitcoin (BTC) has continued to surge to new heights at the start of the week, Standard Chartered Bank has predicted that a second term for President-elect Donald Trump will push the crypto market cap to the $10 trillion level. Moreover, they expect the feat to be reached by 2026. The bank has expressed immense optimism about the industry’s potential under the Trump administration. With the reelected candidate, the country officially saw the first pro-crypto president take over the Oval Office. Subsequently, the bank has expected that to be massive for Bitcoin, Ethereum (ETH), and Solana (SOL). Republican presidential nominee former President Donald Trump waves as he walks with former first lady Melania Trump at an election night watch party at the Palm Beach Convention Center, Wednesday, Nov. 6, 2024, in West Palm Beach, Fla. (AP Photo/Evan Vucci) Also Read: Bernstein Urges Investors to Buy Bitcoin As Trump Drives Bull Run Trump’s Return to Spark Bitcoin Bull Run to $200k...

With Ireland’s approval, Zodia can now offer over-the-counter trading and exchange services to institutional clients in the European Union. Zodia Markets, a crypto brokerage and exchange backed by Standard Chartered and OSL, has been approved by the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). It clears the path for the firm for EU expansion. In an interview with Financial Times, Zodia chief executive Michael Walsh said the registration would help the firm achieve its goals by acting as a “launchpad” to enter the European market. The news comes just a few months after Zodia secured an in-principle approval from the Abu Dhabi Global Market to offer regional services . You might also like: Standard Chartered-backed Zodia goes green, joins UK’s Tech Zero The Zodia CEO added in a blog post the firm sees “significant opportunity and demand” for its products as the European Union’s Markets in Crypto Assets r...