Standard Chartered, one of the leading financial service provider in the world, has announced plans to expand its business by joining the cryptocurrency family. This move comes shortly after the bank has already shown its support for the adoption of cryptocurrencies.

What this move means for the future of Cryptocurrencies?

The move by Standard Chartered signifies the growing acceptance and normalization of cryptocurrencies by the mainstream. It also indicates that the banks are actively looking for ways to bring cryptocurrencies into the financial system. With one of the most well respected and recognized financial institutions taking a positive stance on cryptocurrencies, it could pave the way for other financial institutions to become more accepting of cryptocurrencies.

What does this mean for investors?

The entry of Standard Chartered into the crypto market signifies a strong vote of confidence in the technology and its potential. This is especially good news for investors who already have cryptocurrencies as it gives them one more place where they can securely store and trade cryptocurrencies.

It also opens up the door for new investors who may now be more comfortable investing in cryptocurrencies knowing they have the support of a major international bank.

What are the advantages of joining the Crypto family?

Joining the crypto family brings a number of advantages to Standard Chartered, such as:

  • Access to the Growing Digital Asset Market: By expanding its services to include cryptocurrencies, Standard Chartered will have access to the growing digital asset market, which currently has a global market capitalization of over $200 billion.
  • Lower Transaction Costs: Cryptocurrency transactions can be done for much lower costs than traditional currency transactions, which could reduce costs for Standard Chartered’s customers.
  • Increased Security: Transaction records are secure and immutable with cryptocurrencies, which can provide increased security for customers compared to traditional methods.

The move by Standard Chartered into the cryptocurrency arena is one more indication of the growing mainstream acceptance of cryptocurrencies. As one of the world’s leading financial services providers, this move carries great weight and could open the door for other major players to follow suit.