Standard Chartered Acquisition Boosts Institutional Crypto Custody

Standard Chartered, one of the world's largest banks, is set to acquire Zodia Custody, a crypto custodian, and merge it into its investment banking division. This move signals that traditional finance sees digital assets as a core business and is likely to boost institutional crypto custody.

The acquisition of Zodia Custody by Standard Chartered is expected to accelerate the growth of institutional crypto adoption, which could have a positive impact on Ethereum prices. Meanwhile, Pepeto has raised over $8.1M in presale commitments and is set to list on Binance, with analysts predicting 100x returns.