Standard Chartered Launches Bitcoin and Ether Trading for Affluent UAE Clients

Crypto Insight Summary: The bank’s closed-loop service bars external crypto transfers and charges a spread of up to 2%. Crypto Insight Analysis: Direction: Bullish BTC / Bullish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Institutional adoption by a major bank boosts crypto credibility but limited to UAE affluent clients.