OKEx selects Customary Chartered as its institutional crypto custodian – CoinJournal

• OKEx proclaims partnership with Customary Chartered to offer crypto custody providers to institutional shoppers.
• Customary Chartered has a robust presence within the crypto trade.
• A buying and selling desk and custody resolution are amongst its prime options.

OKEx has partnered with Customary Chartered, permitting the banking big to turn out to be the crypto trade’s official third-party crypto custodian.

Notably, Customary Chartered is now the crypto custodian for OKEx’s institutional shoppers.

We’re difficult the established order and constructing the longer term.

We’ve got partnered to develop our providing @StanChart As our third-party custodian for institutional shoppers.

Extra about our dedication to safety and innovation in crypto: https://t.co/jFrF5lCnsq pic.twitter.com/FNiAD3U2KW

– OKX (@okx) 29 October 2024

OKEx eyes institutional adoption of crypto

In line with OKEx Chief Industrial Officer Lennix Lai, the partnership is a part of the crypto trade’s continued progress into one of many world’s prime crypto firms. Customary Chartered will assist the trade present its institutional shoppers with a platform to securely enter the rising digital belongings market.

The partnership offers shoppers the choice to separate their enterprise from custody, Lai couple,

“Our institutional providers already embrace superior buying and selling options, strong threat administration instruments and custody options. The addition of Customary Chartered to our custody choices permits us to extra seamlessly combine digital belongings into the normal monetary ecosystem, making it simpler for institutional gamers to confidently have interaction within the house.

cooperation with okex Provides to Customary Chartered’s rising footprint within the crypto sector. Its latest growth contains the launch of a digital asset custody resolution within the UAE. The financial institution’s crypto custody service permits institutional shoppers to custody Bitcoin (BTC) and Ethereum (ETH), with extra belongings to be added.

Notably, Customary Chartered additionally provides a spot crypto buying and selling desk, and has a presence within the Ethereum exchange-traded fund market.