Standard Chartered has rolled out deliverable spot trading in Bitcoin and Ethereum for institutional clients in the UAE, becoming the first global systemically important bank to provide the service in the region.
Russia's largest bank announced plans to expand crypto-backed lending beyond Bitcoin, aiming to accept Ethereum and Tether's USDT as collateral as the country prepares new regulated crypto trading laws taking effect September 1.
XRP rallied nearly 40% over seven days to around $1.39, outperforming Bitcoin and Ethereum as trading volume on South Korea's Upbit exchange spiked 273% to $1.84 billion. The token became the most-traded asset on the platform amid broader crypto market strength.
Cboe BZX filed with the SEC requesting an exception to generic listing rules to list funds targeting three times the daily performance of Bitcoin and Ethereum. The products would be the first 3x crypto ETFs in the US if approved.
Russia's central bank will restrict retail cryptocurrency trading to only Bitcoin, Ether, and USDT on regulated exchanges beginning September 1, with non-qualified investors facing a 300,000-ruble annual limit.
SBI Shinsei Bank will begin a pilot program on June 10 allowing its 4.33 million depositors to receive vouchers worth 20% of their interest payments, redeemable for Bitcoin, Ethereum, and XRP. The three-month program represents a novel integration of traditional banking with cryptocurrency rewards.
