24X Completes Bitcoin Spot Trade With Standard Chartered and Wintermute

24X Bermuda Limited said it completed its second consecutive institutional spot-cryptocurrency client trade on October 19, executing a Bitcoin transaction on its multi-asset trading platform. Standard Chartered acted as liquidity taker and Wintermute provided the liquidity, according to the company’s announcement . The trade puts Standard Chartered back on 24X for a second spot-Bitcoin execution, while changing the liquidity provider from Cumberland DRW, which participated in the venue’s first disclosed spot-crypto transaction in September. It offers an early, limited indication of how 24X is bringing different liquidity firms into its institutional crypto offering. Neither the 24X announcement nor the independently reported account disclosed the trade’s size, execution price or settlement terms. The available information therefore establishes the participants and their stated roles, rather than the transaction’s market impact.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Daily.