24X Completes Spot Cryptocurrency Trade in BTC with Standard Chartered and Wintermute
24X Bermuda Limited has completed its second consecutive spot cryptocurrency trade on its institutional-grade trading platform, this time involving Bitcoin (BTC). The transaction was executed as part of a strategic partnership with Standard Chartered, where the bank acted as liquidity taker. Wintermute served as the liquidity provider for the trade. This follows an earlier BTC trade facilitated by Cumberland DRW and highlights 24X's role in developing regulated infrastructure for institutional digital asset trading. The trades underscore growing demand from institutions for high-quality execution environments similar to traditional markets, with Standard Chartered being a global systemically important bank (G-SIB). Wintermute emphasized its long-term investment in technology and operational efficiency as key enablers of such transactions. 24X's platform is regulated by the Bermuda Monetary Authority. Since launching in 2019, 24X has offered multi-asset trading through a single interface to institutional clients across various asset classes including Deliverable Swaps, Non-Deliverable Swaps, Metals and Spot products. The company aims to provide cost-effective trades globally while delivering tailored workflows for each market segment.
Tickers: $BTC
Topics: cryptocurrency digital assets institutional trading liquidity providers