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Standard Chartered prepares crypto prime brokerage push: Bloomberg
Standard Chartered is reportedly preparing to set up a prime brokerage service for cryptocurrency trading. The London-based bank will house the operation within its SC Ventures unit, its wholly owned venture capital and innovation unit, Bloomberg reported on Monday, citing people familiar with the matter who asked not to be identified because the deliberations are private. According to the report, the structural decision places the business outside the bank’s core regulated entity, a move that may help Standard Chartered avoid having to absorb strict capital requirements applied to direct bank holdings of digital ... (full story)