Standard Chartered will provide crypto brokerage services to clients in Ireland –

Standard Chartered, a British bank, said it will use its Zodia Custody business to provide crypto brokerage services in Ireland. The crypto broker will focus on institutional investment contracts, which have grown in popularity in Ireland in recent months.

The Standard Bank affiliate intends to provide institutional investment services in Ireland. The Zodia Custody Company represents a crypto exchange and management system for expert and novice investors for Standard Bank.

Zodia Custody and its ability to provide cryptocurrency brokerage services

SC Ventures helped found Zodia Custody in late 2020.

Northern Trust, a financial management organisation, also supported this alternative company. Because both companies have prior experience in the bitcoin industry and Blockchain technology, this subsidiary will benefit from their expertise.

Zodia Custody is known for managing crypto investments for financial institutions. Since December last year, Zodia Custody has been in contact with a number of potential clients. The company’s work has received overwhelmingly positive feedback, prompting it to register with the Financial Conduct Authority (FCA).

Zodia Custody said their crypto broker services will focus on Ether, Bitcoin, Litecoin, Ripple, and Bitcoin Cash, according to their statement. Additionally, Standard Chartered has chosen to create a website for businesses interested in using cryptocurrency.

SC Ventures is now part of the cryptocurrency management team.

SC Ventures has been operating as a cryptocurrency broker since June 2021. This brokerage firm has partnered with BC Technology Group to boost the reputation of its cryptocurrency offerings. SC Ventures wants to allow financial institutions to buy bitcoin and ether through its platform.

Mellon Bank in New York has also started selling crypto brokerage services and built a virtual renewal platform.

Ireland has continued to grow in the cryptocurrency space, despite the fact that not all members of the European Union support it. Despite the legal fight against Binance Group and its operations, the UK insists on crypto regulation. Cryptocurrency usage continues to rise in Ireland, prompting renowned crypto exchanges like Kraken to expand their operations.

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