Standard Chartered aims to strengthen its position in the cryptocurrency market by entering into a strategic partnership with the crypto prime broker FalconX that will expand its banking services for institutional clients.
Partnership of Standard Chartered and FalconX
Standard Chartered announced its partnership with FalconX, which will provide a comprehensive suite of banking services for FalconX's global clients. As part of the collaboration, FalconX will integrate Standard Chartered's banking infrastructure and gain access to various currency pairs for its institutional clients.
Expansion of Services Beyond Banking
This partnership is expected to "expand beyond banking" and include additional products and services designed to meet the demands of both FalconX and Standard Chartered's institutional clients in the crypto space.
Support for the Crypto Industry by Standard Chartered
The collaboration with FalconX highlights Standard Chartered's commitment to enhancing the digital asset ecosystem. "As institutional demand for digital assets continues to grow, we are proud to provide the banking infrastructure that enables firms like FalconX to deliver world-class trading and financing solutions to institutional clients," said Luke Boland, head of fintech at the bank.
By partnering with FalconX, Standard Chartered demonstrates its proactive stance in developing banking services in the crypto industry. This partnership may create new opportunities for institutional clients and enhance the growth of the digital market.
