October’s crypto crash has reignited the “Wild West” narrative, but OKX and Standard Chartered are here to prove it’s not the case, OKX Europe’s Erald Ghoos said.
Standard Chartered, a major global banking group, is deepening ties with cryptocurrency exchange OKX, becoming its institutional custodian in the European Economic Area (EEA).
Standard Chartered and OKX launched a collateral mirroring program in the EEA, allowing local institutional clients to keep their crypto directly in Standard Chartered’s custody, OKX announced on Wednesday.
The launch marks an expansion of a pilot initially launched in Dubai in April, aiming to enable institutions to keep their assets with a globally systemically important bank (G-SIB) while mirroring the balances into OKX for trading.
