24X expands crypto prime brokerage partnership with Standard Chartered

Bermuda domiciled OTC product trading platform has announced that it has expanded its partnership with Standard Chartered to include digital assets Prime Brokerage. This expanded partnership will now enable trading in Bitcoin (BTC) and Ethereum (ETH) on 24X’s institutional-grade, multi-asset trading platform. Standard Chartered is a leading international banking group.

With this expansion, 24X said it becomes the first trading platform to offer both crypto and FX products with Standard Chartered acting as the central counterparty. This structure allows counterparties to face only Standard Chartered while accessing OTC liquidity through 24X, which operates the execution-only platform and handles liquidity configuration, matching and straight-through processing (STP). Globally recognized as a leading FX NDF platform and offering FX spot and swaps, 24X aims to apply that expertise to drive institutional adoption of digital assets.

24X and Standard Chartered’s Prime Brokerage business already give clients access to FX NDFs, FX Spot, FX Deliverable Swaps, FX Non-Deliverable Swaps, and Metals. Bitcoin and Ethereum trading will operate in a similar capacity. This announcement comes shortly after Standard Chartered served as liquidity taker for first spot cryptocurrency trades on the 24X platform, with Cumberland DRW and Wintermute serving as liquidity providers.