Standard Chartered cements its presence in crypto prime brokerage. Following a successful pilot with LMAX Digital, the bank has integrated its credit-intermediation model with 24X Bermuda.

24X Bermuda Limited announced on 10 November that the expanded partnership will support Bitcoin and Ether trading. Institutional participants would access liquidity through 24X while facing Standard Chartered, rather than individual liquidity providers, as their counterparty.

One Bank Counterparty, Separate Execution

Under the arrangement, 24X operates the execution-only platform, handling liquidity configuration, order matching and straight-through processing. Standard Chartered provides the counterparty relationship.

For institutions already trading FX…