Hamilton – October 19, 2026 -- 24X Bermuda Limited has completed its second consecutive spot cryptocurrency client trade, a Bitcoin (BTC) transaction in which Standard Chartered acted as liquidity taker and Wintermute as liquidity provider.
The trade was executed on 24X's institutional multi-asset platform under its partnership with Standard Chartered, which the source describes as a global systemically important bank (G-SIB). 24X says it is one of a select few global venues offering both crypto spot and FX trading on a single, unified technology infrastructure.
Cumberland DRW provided liquidity on 24X's first spot crypto trade
The BTC transaction follows 24X's inaugural spot crypto trade, in which Cumberland DRW was liquidity provider. 24X says the two trades mark continued development of regulated, institutional-grade infrastructure for digital asset markets.
24X CEO Galinov cites rising institutional demand
24X CEO and Founder Dmitri Galinov said institutional demand for digital assets is increasing at an unprecedented level. He said the Wintermute trade affirms the platform's liquidity, oversight and workflow, and that 24X intends to keep executing similar trades as global markets converge around digital assets.
Wintermute reports record institutional share of H1 2026 OTC spot flow
Wintermute CEO and founder Evgeny Gaevoy said institutions accounted for a record share of the firm's OTC spot flow in the first half of 2026. He said these clients expect the execution quality and infrastructure they are used to in traditional markets. Wintermute says its long-term investment in technology and operational efficiency lets it serve a broad range of counterparties and expand into traditional markets.
24X offers swaps, metals and spot products alongside NDFs
Beyond crypto spot, 24X offers institutional customers Deliverable Swaps, Non-Deliverable Swaps, Metals and Spot products, in addition to NDFs. Since its 2019 launch, 24X says its multi-asset offering through a single trading interface has given market participants access to greater liquidity at lower cost. The Bermuda Monetary Authority regulates 24X's crypto activity.