Banking Infrastructure for Institutional Crypto Clients

As part of the partnership announced on May 14, FalconX will offer Standard Chartered’s banking infrastructure and access to a wide range of FX pairs to its institutional clients. This partnership has the potential to provide more robust banking and FX solutions to major players operating in the crypto market.

Initially starting with core banking services, this integration is planned to expand in the future to include a broader product range and mutual growth opportunities.

A Collaboration Beyond Banking

The collaboration between the two companies will not be limited to banking. The partnership will also include the development of new products and services for the crypto ecosystem. In this way, the digital asset needs of both FalconX’s and Standard Chartered’s institutional clients can be met more effectively.

The target customer base includes asset managers, hedge funds, token issuers, and payment platforms.

Matt Long, FalconX’s Managing Director for Asia-Pacific and the Middle East, referred to Standard Chartered as “one of the most visionary global banks when it comes to embracing digital assets.” Long said, “At FalconX, we provide trading and financing services to some of the world’s largest institutions in digital asset markets. This partnership enhances our ability to offer strong banking and FX solutions to our clients.”

Standard Chartered Maintains Its Commitment to Crypto

Luke Boland, Head of Fintech for South Asia at Standard Chartered, stated that this collaboration further strengthens the bank’s contribution to the digital asset ecosystem:

“As institutional interest in digital assets grows, we are proud to provide the banking infrastructure that enables firms like FalconX to deliver top-tier trading and financing solutions.”

This partnership is a new indication of the bank’s increasing commitment to the crypto sector.

In April, the bank launched a pilot project with a major crypto exchange aimed at offering crypto and tokenized fund collateral services to institutional investors.

Standard Chartered’s relationship with crypto actually dates back to 2016. At that time, the bank made its first move into the sector by investing in Ripple, the company behind XRP.

As global banks’ interest in digital assets continues to rise, partnerships like the one with FalconX strengthen expectations that institutional crypto adoption will accelerate in the second half of 2025.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Crypto Banking Strengthens with Standard Chartered and FalconX Partnership appeared first on Coin Engineer.

Standard Chartered: Bitcoin Could Reach $500,000 Due to Trump’s Crypto Policies

Standard Chartered has suggested that Bitcoin’s value could increase to $500,000 within just three years, driven by the maturation of America’s spot Bitcoin exchange-traded funds (ETFs) and the pro-crypto policies of the Trump administration.

The bank’s Head of Digital Asset Research, Geoff Kendrick, stated in a research note, “We expect Bitcoin to reach $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028. We expect it to stay at this level until the end of 2029.”

Standard Chartered also pointed out that the current conditions will “drive Bitcoin to $500,000 before Trump leaves office.”

Trump’s Crypto Reserve and Bitcoin’s Potential

Kendrick emphasized that institutional interest in Bitcoin ETFs is expected to continue growing, especially with the impact of President Donald Trump’s crypto-friendly policies. In January, the Trump administration unveiled an executive order aimed at providing regulatory clarity and encouraging investment in the crypto sector.

Furthermore, with more retail interest in Bitcoin under Trump’s administration, the market’s liquidity could increase, and Bitcoin’s wider acceptance could trigger an upward price movement.

Last year, Trump’s presidential campaign included a pledge to build a crypto reserve. He later announced that the U.S. would include Bitcoin, Ether, XRP (Ripple), Solana, and Cardano in this reserve. However, the inclusion of non-Bitcoin assets has raised concerns within the crypto community.

Coinbase CEO Brian Armstrong believes that having only Bitcoin in the reserve would be sufficient: “Just Bitcoin might be the best option,” he said.

One of the figures who has speculated on Bitcoin’s future is Michael Saylor, Executive Chairman at Strategy. Saylor suggested that Bitcoin, the world’s largest cryptocurrency, could soon reach a $200 trillion market cap.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Standard Chartered Updates Bitcoin Target Following Crypto Reserve Proposal appeared first on Coin Engineer.

Standard Chartered predicts that the Bitcoin price could rise to $100,000 ahead of the US presidential election in November.

“As we get closer to the US election, I expect to see $100,000 reached and $150,000 by the end of the year in the event of a Trump victory,” Geoffrey Kendrick, head of forex and digital asset research at Standard Chartered Bank, said in an email to The Block on Thursday. in the mail. “The Biden administration showed pragmatism in approving spot ether ETFs, but then vetoed efforts to repeal SAB 121. So Trump is friendlier than Biden,” Kendrick added.

Drawing attention to tomorrow’s Non-Farm Employment data, the Standard Chartered analyst stated that if these data are “positive”, he expects the bitcoin price to reach a new record level over the weekend. “This will pave the way for $80,000 by the end of June,” he said.

Kendrick added that he maintained his year-end price forecast at $150,000 and his end-2025 forecast at $200,000.

“Specifically, a price of $150,000 by the end of 2024 would see bitcoin join the $3 trillion market cap that NVDA reached yesterday,” he said.

According to data, Bitcoin has trended sideways over the last 24 hours and is currently trading at $70,979.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Standard Chartered Publishes Bitcoin Forecast Ahead of US Elections appeared first on Coin Engineer.