24X Adds Crypto Prime Brokerage With Standard Chartered
The expanded partnership lets clients trade Bitcoin and Ethereum on the Bermuda-domiciled OTC platform with Standard Chartered as central counterparty.
Updated on Nov. 10, 2026 in Stock Markets
24X has expanded its partnership with Standard Chartered to include digital assets prime brokerage, enabling trading in Bitcoin (BTC) and Ethereum (ETH) on the platform. Standard Chartered serves as central counterparty, so counterparties face only Standard Chartered while accessing OTC liquidity through 24X.
Why it matters
The move extends Standard Chartered's prime brokerage from FX and metals into crypto, giving institutional clients a single counterparty for digital asset liquidity. It reflects growing bank involvement in regulated crypto market infrastructure.
Trading covers Bitcoin (BTC) and Ethereum (ETH) alongside FX NDFs, FX Spot, FX Deliverable Swaps, FX Non-Deliverable Swaps, and Metals on the 24X platform. No trading volumes or uptake figures were disclosed, and the first spot crypto trades involved Cumberland DRW and Wintermute as liquidity providers.
The players
24X
24X is a Bermuda-domiciled over-the-counter product trading platform that also operates 24X National Exchange for U.S. equities.
Standard Chartered
Standard Chartered is a London-headquartered global bank that acts as central counterparty for trades executed on the 24X platform.
Bermuda Monetary Authority
The Bermuda Monetary Authority is the financial regulator that oversees the cryptocurrency activity of 24X Bermuda Limited.
The details
Standard Chartered was the liquidity taker for the first spot cryptocurrency trades on 24X, with Cumberland DRW and Wintermute acting as liquidity providers. 24X operates the execution-only platform and handles liquidity configuration, matching and straight-through processing (STP), while its Bermuda Limited entity's crypto activity is regulated by the Bermuda Monetary Authority.
Timeline
2019: 24X launched its multi-asset offering through a single trading interface.
November 10, 2026: 24X announced the expanded Standard Chartered digital assets partnership.
Market Dynamics
The expansion extends Standard Chartered's existing 24X Prime Brokerage, which already offers FX NDFs, FX Spot, FX Deliverable Swaps, FX Non-Deliverable Swaps, and Metals, into digital assets. It places a major bank at the center of crypto liquidity access on a Bermuda-regulated OTC venue.
Institutional clients gain access to Bitcoin and Ethereum liquidity through a single counterparty on 24X rather than multiple exchanges. Retail investors are not directly served by this OTC prime brokerage offering.
The takeaway
Institutions seeking crypto exposure may find centralized counterparty arrangements simplify access to OTC liquidity. Watch for disclosed volumes and client uptake to judge how widely the offering is adopted.
Further reading
For broader context on how trading venues are evolving, see Stock Markets.
