Standard Chartered expands further into crypto with stake in GSR at $1 billion valuation
Burns Brief
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 Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
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.
Key Takeaways
- 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