24X and Standard Chartered Enhance Partnership for Institutional Crypto Trading

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by Katerina Papadopoulou

14 minutes ago

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24X Bermuda is taking a significant step in the cryptocurrency market by expanding its partnership with Standard Chartered. According to the official information, this new collaboration will enable institutional investors to trade Bitcoin and Ether more efficiently, marking a notable shift in the landscape of digital asset trading.

Announcement of Enhanced Prime Brokerage Relationship

The announcement, made on November 10, reveals that the enhanced prime brokerage relationship will provide a unified execution infrastructure for trading both cryptocurrencies and foreign exchange. Eligible participants will now be able to engage with Standard Chartered as their central counterparty, while leveraging 24X for execution and liquidity management.

Strategic Partnership Goals

This strategic partnership aims to streamline operational processes for institutions, making it easier for them to navigate the complexities of cryptocurrency trading. However, it is important to note that while this collaboration may simplify certain tasks, it does not mitigate the inherent volatility and risks associated with trading digital assets.

In a related development, WalletConnect has partnered with Penrose Partners to launch a new ticketing platform in Bermuda, enhancing the ticket purchasing experience. For more details, visit Premier Tickets.

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