Standard Chartered has launched a crypto prime brokerage service for hedge funds and asset managers through its innovation arm, SC Ventures, according to Bloomberg. This move shows growing interest from major financial institutions. $DOLO $DASH
Other U.S. banks are also stepping deeper into crypto. JPMorgan is looking at offering crypto trading services to its clients, while Morgan Stanley has applied for Bitcoin, Ethereum, and Solana ETFs. $ZEN
With over $140 billion in spot crypto ETFs already active, demand for strong prime brokerage services is rising fast. Meanwhile, Bitcoin is consolidating near $92,000, reflecting steady institutional adoption.
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