Big Bank Joins Crypto World: Standard Chartered Partners with OKX

Standard Chartered, a global banking giant, has partnered with OKX, a leading crypto exchange. This collaboration allows institutional investors in Europe to securely hold their digital assets with Standard Chartered while trading on OKX.

Expanding a Successful Model

This isn't new for the bank. Earlier this year, they launched a similar service in Dubai and are now expanding it to Europe.

A Step Toward Mainstream Crypto

This partnership highlights the growing acceptance of cryptocurrency. OKX already operates under a license in Malta, a key advantage under Europe's new crypto regulations. Previously, OKX's institutional clients either kept their crypto on the exchange or used third-party custody services. Now, they can rely on Standard Chartered, a major financial institution, for secure asset storage.

A Timely Move

The collaboration comes after last October's crypto market crash, which led to significant losses and scrutiny for exchanges like Binance. OKX's CEO views this partnership as proof of crypto's progress, emphasizing that clear regulations and secure custody are the future of digital finance.