Standard Chartered is reportedly exploring the launch of a prime brokerage business for crypto trading. People familiar with the matter say the London-based lender plans to house the initiative within SC Ventures, its wholly owned venture capital and innovation arm, as discussions remain at an early stage. While no launch timeline has been confirmed, the move would place Standard Chartered among a growing group of global banks seeking deeper exposure to crypto markets. The demand for prime brokerage has ...

Morning Minute: SoFi Bank Launches Spot Crypto Trading► https://t.co/nqZRAkIcAm https://t.co/nqZRAkIcAm ...

Core Viewpoint - SoFi has launched crypto spot trading for U.S. consumers, marking a significant step in integrating traditional banking with cryptocurrency trading [2][5]. Group 1: Company Developments - SoFi now offers direct access to crypto spot trading within its app, allowing users to trade Bitcoin, Ethereum, Solana, and over 30 other cryptocurrencies without third-party integrations [2][6]. - The integration of crypto trading into SoFi's existing user interface combines banking, investing, and debt solutions, emphasizing "bank-level confidence" for its crypto experience [6][7]. - The service is initially available to U.S. consumers with plans for wallet custody and staking features to follow [6]. Group 2: Market Implications - The launch of crypto trading by SoFi broadens access for users, eliminating the need for a separate crypto exchange and integrating it into their daily financial activities [7]. - The move legitimizes cryptocurrency by having regulated fintechs treat digital assets similarly to stocks, which could enhance adoption and regulatory clarity [7]. - Legacy crypto exchanges may face increased competition from platforms like SoFi, which can offer ease of use, trust, and brand recognition to attract retail investors [7]. Group 3: Consumer Sentiment - Data indicates that 60% of SoFi members who own crypto prefer to manage their assets with a licensed bank rather than a primary crypto exchange, highlighting consumer confidence in regulated institutions [4].

Ripple Prime Clients Gain Access to Spot Crypto Trading► https://t.co/GxjVzQ3y41 https://t.co/GxjVzQ3y41 ...

Core Insights - Bullish has launched spot trading in the U.S. after obtaining necessary licenses, now operational in 20 states and territories [1][6] - The platform has processed over $1.5 trillion in trading volume since its international launch in late 2021 and went public on NYSE in August, with shares currently trading at $63.36, a 70% increase from its IPO price [2] - Bullish targets institutional clients with a hybrid trading model designed to enhance liquidity and trade execution [3][5] Industry Context - The entry of Bullish into the U.S. market aligns with increasing institutional confidence in cryptocurrency, supported by improved regulatory clarity and compliance focus [4] - Vanguard, a major asset manager, is reportedly reconsidering its stance on cryptocurrency trading, indicating a shift in institutional attitudes [4] - Bullish aims to provide institutional-grade performance and deeper liquidity for advanced traders in the U.S. market [5]