3 hours ago
Standard Chartered is reportedly considering launching a crypto premier brokerage platform, signaling a imaginable enlargement of the bank’s integer plus ambitions arsenic accepted fiscal institutions deepen their engagement successful the sector.
The British multinational slope is successful early-stage discussions to found a crypto trading and premier brokerage level nether its task superior arm, SC Ventures, Bloomberg reported Monday, citing unnamed sources. A timeline for a imaginable motorboat has not been finalized.
Standard Chartered has yet to corroborate the plans. In July 2025, Standard Chartered launched trading services enabling institutions and corporations to commercialized the starring cryptocurrencies.
Cointelegraph reached retired to the slope for remark but had not received a effect by work time.
The improvement comes arsenic ample fiscal institutions progressively trial oregon grow crypto-related offerings. Investment banking elephantine Morgan Stanley filed to motorboat an Ether (ETH) exchange-traded money (ETF) connected Wednesday, marking its 3rd crypto ETF filing.
Earlier this month, the second-largest US bank, Bank of America, approved 4 spot Bitcoin (BTC) ETFs for proactive proposal done its web of implicit 15,000 wealthiness advisors.
Standard Chartered cuts medium-term Ether outlook
Despite its reported involvement successful expanding crypto services, Standard Chartered has trimmed its medium-term terms outlook for Ether, citing broader weakness crossed integer plus markets.
Standard Chartered lowered its Ether terms forecast to $7,500 for the extremity of 2026, down from its antecedently forecasted $12,000, portion lowering its end-2028 forecast from $25,000 to $22,000, according to a Monday study shared with Cointelegraph.
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“Weaker-than-expected Bitcoin show has dampened prospects for each integer assets against the USD fixed Bitcoin’s continued dominance of the sector,” wrote Geoff Kendrick, planetary caput of integer assets probe astatine Standard Chartered.
The slope inactive expects Ether to surpass $40,000 by 2030, raising its semipermanent forecast from the erstwhile $30,000 target.
Standard Chartered terms forecasts for Bitcoin and Ether. Source: Standard CharteredRelated: Sharplink pockets $33M from Ether staking, deploys different $170M ETH
Looking astatine onchain data, whales, oregon ample cryptocurrency investors, person accumulated $16.5 cardinal successful Ether tokens crossed 324 wallets during the erstwhile week, doubling their acquisition complaint from the erstwhile week, according to crypto quality level Nansen.
ETH/USD, 1-year chart, token flows by cohorts. Source: NansenHowever, the industry’s starring traders by returns, tracked arsenic “smart money,” person sold $7.13 cardinal successful spot ETH during the aforesaid period.
Ether has fallen 17% implicit the past 3 months and 5.4% successful the past twelvemonth to commercialized hands astatine $3,105 astatine the clip of writing, according to Nansen data.
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