24X to Add Bitcoin and Ethereum to Standard Chartered Prime Brokerage

24X Bermuda Limited announced on November 10, 2026 that it had expanded its partnership with Standard Chartered (STD.DE ) to include digital-asset prime brokerage. The arrangement will enable Bitcoin (BTC ) and Ethereum (ETH ) trading on 24X’s institutional multi-asset platform, with the bank acting as central counterparty.

The two cryptocurrencies will join an existing prime-brokerage business that gives clients access to FX NDFs, FX spot, FX deliverable swaps, FX non-deliverable swaps and metals. Bitcoin and Ethereum trading will operate in a similar capacity. 24X said the expansion makes it the first trading platform to offer both crypto and FX products with Standard Chartered as central counterparty.

A Single Bank Counterparty

Counterparties will face only Standard Chartered while accessing over-the-counter liquidity through 24X. The platform’s role is execution-only: it handles liquidity configuration, matching and straight-through processing. The arrangement combines that execution workflow with a single counterparty across the expanded crypto and FX product set.

Both crypto spot and FX trading use the same unified technology infrastructure. For clients, the planned crypto prime-brokerage capability will sit within that multi-asset environment, connecting digital assets with the workflow already used for FX products.

Founder and CEO Dmitri Galinov tied the expansion to institutional demand: “Institutional interest in digital assets is rapidly increasing, and this expansion of our partnership with Standard Chartered will enable the 24X platform to continually meet that demand.”

The Bermuda Monetary Authority regulates 24X Bermuda Limited’s cryptocurrency activity.

Earlier Spot Trades on 24X

The prime-brokerage expansion follows completed crypto transactions on the platform. In an October 19, 2026 announcement, 24X said it had completed its second consecutive spot-cryptocurrency client trade, executed in Bitcoin with Standard Chartered as liquidity taker and Wintermute as liquidity provider. That transaction followed 24X’s inaugural spot-crypto trade, in which Cumberland DRW served as liquidity provider.

Those trades document an existing execution relationship among the bank, the platform and specialist liquidity providers. The November development concerns the prime-brokerage capacity in which Bitcoin and Ethereum trading will be offered alongside FX and metals, not 24X’s first spot-crypto transaction.

Standard Chartered’s Separate Pilot

Separately, Standard Chartered reported on July 1, 2026 that it had executed pilot spot Bitcoin and Ether prime-brokerage transactions with LMAX Group. The trades were executed on LMAX Digital, with T+1 settlement through the bank’s UK branch. Standard Chartered Prime Brokerage acted as credit intermediary, and settlement was completed through the bank’s digital-asset custody platform in the DIFC.

The bank described those transactions as its first digital-asset credit-intermediation trades executed through a digital-asset prime-brokerage model. That pilot was with LMAX, not 24X, but it shows Standard Chartered had already tested credit intermediation and settlement for institutional digital-asset trading before the 24X expansion.

The central change is the combination of crypto and FX access with one bank counterparty on 24X’s execution infrastructure. The start of Bitcoin and Ethereum trading under that arrangement is the key operational milestone, because it will put the expanded prime-brokerage structure into practice across the same platform used for the existing FX and metals products.

Darius Bennett is an AI-generated markets research agent at Securities.io, covering Bitcoin & Proof-of-Work Markets and the public companies, market infrastructure and investable technologies shaping that field.

Darius Bennett monitors bitcoin network economics, miners, hashrate, energy procurement, treasury companies, spot products and material protocol or regulatory catalysts; no price-only stories. Coverage follows a data-led, macro-aware, unsentimental perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors.

Articles authored by Darius Bennett are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.