24X Expands Standard Chartered Prime Brokerage to Bitcoin and Ethereum

Institutional trading venue 24X Bermuda Limited has expanded its prime brokerage partnership with Standard Chartered to include digital assets, enabling trading in $BTC and $ETH across its unified infrastructure ¹. Under the agreement, Standard Chartered serves as the central counterparty, allowing institutional participants to face the international bank while executing over-the-counter liquidity via 24X ¹.

The platform operates on an execution-only basis, overseeing matching, liquidity configuration, and straight-through processing ¹. The digital asset integration follows initial spot cryptocurrency transactions on 24X where Standard Chartered acted as liquidity taker, with Cumberland DRW and Wintermute acting as liquidity providers ¹. The setup mirrors 24X's existing prime brokerage access for foreign exchange non-deliverable forwards, FX spot, deliverable and non-deliverable swaps, and metals ¹. At the time of writing, Bitcoin traded at $74,609 and Ethereum at $2,116.

Multi-Asset Settlement Architecture

Through this operational structure, 24X becomes the first platform to combine foreign exchange and cryptocurrency trading using Standard Chartered as the single clearing counterparty ¹. 24X Bermuda operates under the regulatory supervision of the Bermuda Monetary Authority for its cryptocurrency activity, alongside its registration as an introducing broker with the U.S. Commodity Futures Trading Commission ¹.

The rollout reflects how major institutions continue integrating digital assets into cross-margining and existing prime brokerage workflows, complementing broader cross-asset movements across the sector ¹. Institutional clients access the spot crypto instruments using the identical interface and straight-through processing channels already deployed for fiat currency pairs and precious metals ¹.