Standard Chartered has introduced institutional Bitcoin and Ether spot trading in the UAE through its Dubai International Financial Centre (DIFC) branch. This service allows eligible clients to trade deliverable BTC and ETH using the bank’s existing electronic trading platforms, with settlement options including Standard Chartered’s own UAE digital asset custody or other custodians. The move marks Standard Chartered as the first Global Systemically Important Bank to offer such institutional digital asset spot trading in the UAE, expanding its regulated crypto services in the region. This launch builds on the bank’s prior UK offering and integrates trading with custody and collateral services, enhancing institutional access to digital asset markets under a regulated framework.
Strategy sold 6,916 bitcoins at an average price of $62,200 between late June and mid-August to finance dividends and strengthen its financial position. A few weeks later, it repurchased 4,603 bitcoins at a higher average price of $80,318, reflecting...
At a Bitwise event attended by about 400 wealth managers, XRP was the cryptocurrency that generated the most audience questions, signaling strong curiosity. However, 67% of attendees currently do not allocate client portfolios to crypto, though 60% e...
Williams-Sonoma reported a 6.7% increase in revenue by capturing market share in a stagnant home furnishings market without relying on heavy discounts. The company's operating margin rose to 17.3%, prompting management to raise full-year guidance and...
Uniswap's price surged 100% since mid-August, fueled by Robinhood Chain, a network launched by Robinhood on Arbitrum, which now generates two-thirds of Uniswap's trading fees. In August, Robinhood Chain traded nearly $18 billion, with most trades hap...
Kingfisher Metals Corp. has appointed Jasper Bertisen as an independent, non-executive director, bringing over 20 years of mining investment and finance expertise. Bertisen's experience with Resource Capital Funds and various mining projects is expec...
