Standard Chartered, a UK-based bank that provides a wide range of financial services and manages over $800 billion in assets, will offer spot trading services for Bitcoin and Ether. According to Bloomberg, a US media outlet, the newly created spot trading unit will be managed from London.

The unit, which will be under the bank’s FX department, is expected to open and start offering services shortly.

The bank’s chief analyst, Geoff Kendrick, has stated in many reports he has written recently that he thinks the Bitcoin price will reach $120,000 and the Ether price will reach $8,000 by the end of 2024. The analyst made a Bitcoin forecast of $200,000 to $250,000 by the end of 2025.

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