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

It is stated that the unit, which will work under the bank’s foreign exchange department, will open and start services shortly.

Geoff Kendrick, the chief analyst of the bank, stated in many reports he wrote recently that he thinks the Bitcoin price will reach $120,000 by the end of 2024 and the Ether price will reach $8,000. For the end of 2025, the analyst predicted $200,000 to $250,000 Bitcoin.