bitcoin
Standard Chartered to Fold Zodia Custody Into CIB Crypto Division
📰 sources⭐ 7.0
TL;DR:
Standard Chartered is moving to absorb the core crypto custody operations of its majority-owned subsidiary Zodia Custody into the bank’s Corporate and Investment Banking division, according to sources familiar with the matter. Key Takeaways: Standard Chartered plans to fold Zodia Custody’s core oper...
Key Points:
Background:
Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.
Why It Matters:
This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.