OKX chooses Standard Chartered as his institutional crypto depot bank

We question the status quo and build for the future.

In order to expand our offer, we have received a partnership with @STACHART as our third party for institutional customers.

More on our commitment to security and innovation in the crypto area: https://t.co/jfrf5lcnsq pic.twitter.com/fniad3u2kw

- Okx (@OKX) 29. October 2024

okx hopes for another institutional introduction of crypto

According to Lennix Lai, Chief Commercial Officer from OKX, the partnership is part of the further development of the crypto exchange into one of the world's leading crypto companies. Standard Chartered will help the stock exchange to offer its institutional customers a platform for secure entry into the growing market for digital assets.

The partnership offers customers the opportunity to separate their trade from custody, lai added .

"Our institutional services already include extended trading functions, robust risk management tools and custody solutions. By taking standard chartered into our custody offer, we can integrate digital assets seamlessly into the traditional financial ecosystem, which makes it easier to engage institutional actors in this area."

The cooperation with OKX contributes to the growing presence of Standard Chartered in the crypto sector. His latest expansion includes the introduction of a solution for the custody of digital assets in the United Arab Emirates. The bank's crypto attitude service enables institutional customers to keep Bitcoin (BTC) and Ethereum (ETH), whereby further assets can be added.

Standard Chartered in particular also offers a spot crypto trade switch and is represented on the market for stock markets traded Ethereum funds.