Standard Chartered Expands Prime Brokerage Partnership With 24X to Cover BTC and ETH

Institutional investors will be able to access Bitcoin and Ether trading through an expanded relationship between 24X and Standard Chartered. In a November 10 announcement, 24X Bermuda said the banking group will extend its prime-brokerage role from foreign-exchange products to digital assets on 24X’s multi-asset technology platform. TL;DR: 24X says Standard Chartered is expanding its prime-brokerage relationship to cover BTC and ETH. The arrangement is aimed at institutional counterparties accessing crypto and FX through one execution infrastructure. It changes the trading and counterparty workflow for eligible participants; it is not a retail exchange rollout. One relationship across different trading markets The company’s stated model allows an institutional participant to face Standard Chartered as its central counterparty while using 24X for execution, matching, liquidity configuration and straight-through processing. That separation matters. The participant’s commercial relationship and credit exposure are handled differently from the technology that matches orders. Traditional foreign exchange and spot cryptocurrency trading do not have identical market structures or risk pr...