• OKX has introduced a partnership with Customary Chartered to offer cryptocurrency custody providers to institutional prospects.
• Customary Chartered has a robust presence within the cryptocurrency business.
• Buying and selling desk and custody options are one of many prime options.

OKX has partnered with Customary Chartered in a partnership the place the most important financial institution turns into the official third-party crypto custodian of the crypto trade.

Particularly, Customary Chartered is at present the crypto asset custodian for OKX's institutional shoppers.

We problem the established order and construct for the longer term.

To boost our providers, we now have partnered with the next firms: @StanChart As a 3rd social gathering custodian for institutional traders.

Study extra about our dedication to crypto safety and innovation: https://t.co/jFrF5lCnsq pic.twitter.com/FNiAD3U2KW

— OKX (@okx) October 29, 2024

OKX focuses on additional institutional introduction of cryptocurrencies

In accordance with OKX Chief Industrial Officer Lennix Lai, the partnership is a part of the crypto trade's continued evolution into one of many world's prime crypto firms. Customary Chartered will assist exchanges present institutional shoppers with a platform to securely enter the rising digital asset market.

The partnership will give prospects the choice of separating transactions from custody, Lai added.

“Our institutional providers already embrace superior buying and selling capabilities, sturdy threat administration instruments and custody options. By including Customary Chartered to our custody providers, we will extra seamlessly handle digital belongings ’s monetary ecosystem, making it simpler for institutional traders to have interaction on this house with confidence.”

The collaboration with OKX additional expands Customary Chartered's footprint within the cryptocurrency house. Latest expansions embrace the launch of a digital asset custody answer within the United Arab Emirates. The financial institution's cryptocurrency custodian service permits institutional shoppers to retailer Bitcoin (BTC) and Ethereum (ETH), with extra belongings to be added.

Notably, Customary Chartered additionally gives a spot crypto buying and selling desk and has a footprint within the Ethereum exchange-traded fund market.