Standard Chartered Said to Launch Crypto Brokerage, Lowers ETH Forecasts

Standard Chartered is reportedly in early-stage discussions, via its venture capital arm SC Ventures, to establish a crypto trading and prime brokerage platform, signaling a deepening involvement in digital assets by the British multinational bank. This development occurs as other major financial institutions, like Morgan Stanley and Bank of America, expand their crypto offerings.

Despite this reported expansion of services, Standard Chartered has trimmed its medium-term price outlook for Ether (ETH). The bank lowered its end-of-2026 forecast to $7,500 from $12,000 and the end-of-2028 forecast to $22,000 from $25,000, citing weaker-than-expected Bitcoin performance affecting the entire digital asset sector. However, the bank maintained a bullish long-term view, raising its 2030 ETH forecast from $30,000 to over $40,000.

(Source：Cointelegraph)