Standard Chartered Expands Prime Brokerage Partnership With 24X to Cover BTC and ETH
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Standard Chartered has expanded its prime-brokerage partnership with crypto exchange 24X to cover bitcoin (BTC) and ether (ETH), extending an arrangement aimed at institutional clients. The move gives institutions a bank-backed brokerage route into the two largest cryptocurrencies by market capitalization, building on 24X’s existing relationship with the lender. It matters because regulated prime brokerage is a key piece of infrastructure for drawing larger allocators into digital assets, and the BTC-ETH scope signals growing bank comfort with core crypto collateral. What to watch next is whether the expanded mandate brings additional assets, custody or financing services, and whether other lenders follow with similar institutional offerings.
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