The fourth-largest cryptocurrency exchange by trading volume has announced a new partnership with a prominent international banking giant.
In a new announcement, OKX said it will collaborate with Standard Chartered to enhance storage solutions for institutional customers.
“Today, we are pleased to announce that we have officially partnered with Standard Chartered, a leading international cross-border bank, as a third-party cryptocurrency custodian for institutional investors. It reflects our commitment to asset security, innovation and the future.”
According to a press release, Standard Chartered will act as a third-party custodian for OKX's institutional crypto clients. The partnership aims to strengthen the integration of traditional finance and cryptocurrencies while strengthening blockchain security and compliance.
In a separate press release, OKX Global Chief Commercial Officer Lennix Lai explains why the crypto exchange giant chose Standard Chartered as a partner.
“We have selected Standard Chartered as our institutional custodian partner to enhance our services and accelerate the integration of digital assets within the traditional financial ecosystem. Our extensive global banking expertise and unwavering commitment to security align with our goal of providing superior crypto services and strengthen the trust of our institutional clients in managing their digital assets.”
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