Standard Chartered Bank Reinvents Crypto Engine: Plans to Establish Prime Brokerage Business, Declares "Ethereum Era" is ComingStandard Chartered, a major player in international finance, is planning to establish a Prime Brokerage business focused on cryptocurrency trading within its wholly-owned venture capital arm, SC Ventures.
This move is seen as a landmark step for traditional banking to deeply participate in the digital asset market, aiming to provide institutional clients with one-stop services such as financing, custody, and cross-market trading. Meanwhile, Geoffrey Kendrick, head of digital asset research at the bank, issued a bold prediction, stating that 2026 will be the "Year of Ethereum," with ETH expected to outperform Bitcoin and an optimistic outlook of long-term gains reaching $40,000. This series of actions clearly indicates that established banks are leveraging both business innovation and market analysis to compete vigorously in the emerging institutional-grade crypto financial ecosystem.
MarketWhisper·01-14 03:47