Standard Chartered expands further into crypto with stake in GSR at $1 billion valuation
SC Ventures, Standard Chartered’s venture capital division takes a $150 million stake in crypto trading firm GSR at a valuation of more than $1 billion, according to Bloomberg.
The investment by Standard Chartered in GSR is likely to boost investor confidence in the crypto market, potentially leading to a price increase for major cryptocurrencies. This move may attract more institutional interest in the sector.
SC Ventures, Standard Chartered’s venture capital division takes a $150 million stake in crypto trading firm GSR at a valuation of more than $1 billion, according to Bloomberg.
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