Standard Chartered expands bitcoin, ethereum trading partnership with 24X
Institutional demand for digital assets is pushing more global banks to connect crypto markets with established trading infrastructure. Standard Chartered is expanding its work with 24X to let large investors trade Bitcoin and Ethereum through a setup that also links crypto spot and foreign exchange trading.
Highlights
- Standard Chartered expands partnership with 24X, allowing institutional investors direct access to Bitcoin and Ethereum trading via a central counterparty structure.
- 24X now offers both crypto spot and foreign exchange trading on a unified platform, deepening links between digital assets and mainstream financial infrastructure.
- The move reflects mounting pressure on banks to integrate crypto into traditional finance and is positioned as advancing controls and infrastructure for larger-scale crypto trading.
Institutional trading access broadens
As reported by Weiss Ratings, Standard Chartered is expanding its partnership with trading platform 24X to make it easier for institutional investors to trade Bitcoin and Ethereum. Under the arrangement, the bank acts as central counterparty, a structure meant to simplify execution for large funds that otherwise need to manage multiple venues and layers of risk.The tie-up makes 24X one of a limited number of global platforms offering both crypto spot and foreign exchange trading on a single technology infrastructure. That combination points to a deeper operational link between digital assets and the systems already used for currencies and other mainstream financial products.
Implications for banks and crypto markets
The announcement signals that Bitcoin and Ethereum are moving closer to the financial framework used for stocks, currencies and other assets. For the banking sector, it reflects rising pressure to integrate digital assets into traditional finance as institutional interest in the market continues.The broader shift could make crypto trading more accessible for larger pools of capital, while also highlighting continuing risks tied to price volatility and security. Standard Chartered's role in the structure is presented as a step toward building the controls and infrastructure needed for crypto trading at larger scale.
Previously, we examined the Bank of England’s push for bare metal recovery planning to withstand AI-driven cyber threats.
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