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Standard Chartered forms digital asset trading JV


Standard Chartered forms digital asset trading JV
Standard Chartered has launched a digital asset trading service for institutional traders in the UK and Europe.
The UK bank’s innovation unit, SC Ventures, has formed a joint venture (JV) with Hong Kong-based BC Group to develop a digital asset brokerage and exchange platform.
BC Group, which owns the Hong Kong-licensed digital asset platform OSL, will provide the underlying technology while SC will bring its brokerage expertise and access to European markets.
According to a statement, the project is designed to connect institutional traders to counterparties across markets, delivering access to deep pools of liquidity in bitcoin, ethereum and other crypto assets. ....

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Cryptocurrency prices today: Bitcoin crosses $38,000 as outlook improves; Ether rises almost 5%


Cryptocurrency prices today: Bitcoin crosses $38,000 as outlook improves; Ether rises almost 5%
Cryptocurrency prices today: Bitcoin crosses $38,000 as outlook improves; Ether rises almost 5%
The sharp volatility observed in the crypto market seems to be disappearing and a chain of positive developments are pushing up the value of digital coins. Though popular cryptos are like Bitcoin and Ether are much lower than all-time highs, prices seem to be stabilising. Check latest crypto trends and rates.
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UPDATED: June 3, 2021 10:27 IST
Bitcoin, Ether and all other popular cryptocurrencies are trading higher on Thursday. (Photo: Reuters/Representational image)
The high volatility seen in the cryptocurrency market over the past month seems to be tapering, with prices of popular digital coins stabilising and rising. ....

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