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24X Bermuda Limited (“24X”) has completed its second consecutive spot cryptocurrency client trade on its institutional-grade, multi-asset trading platform, the company announced on 19 October 2026 from Hamilton, Bermuda.
The trade was executed in Bitcoin (BTC) as part of 24X’s strategic partnership with Standard Chartered, an international banking group and one of the global systemically important banks (G-SIBs). Standard Chartered acted as liquidity taker and Wintermute served as liquidity provider.
The transaction follows the first spot crypto trade on the 24X platform, announced on 1 September 2026, in which Cumberland DRW served as liquidity provider. 24X said the two trades mark the continued development of regulated, institutional-grade infrastructure for digital asset markets. The company is one of a select few global venues offering both crypto spot and FX trading on a single, unified technology infrastructure.
Dmitri Galinov, CEO and Founder, 24X
Dmitri Galinov, CEO and Founder, 24X said:
“Institutional demand for digital assets is increasing at an unprecedented level, and our 24X platform is ready to meet this moment. This trade with Wintermute affirms the deep liquidity, rigorous oversight, and the seamless workflow of our crypto trading infrastructure. We are very happy to be working with Wintermute and Standard Chartered on this transaction, and we look forward to continuing to execute these types of trades as global markets continue to converge around digital assets.”
Evgeny Gaevoy, CEO and Founder, Wintermute
Evgeny Gaevoy, CEO and Founder, Wintermute said:
“Institutions already represent a significant part of the digital asset market, as reflected in their record share of our OTC spot flow in the first half of 2026, and expect the same quality of execution and infrastructure they are used to in traditional markets. Meeting those expectations requires the long-term investment in technology and operational efficiency we’ve made since Wintermute was founded. That approach has allowed us to serve a broad range of counterparties and now expand into traditional markets. We’re pleased to have provided liquidity for this trade.”
24X also offers Deliverable Swaps, Non-Deliverable Swaps, Metals and Spot products to institutional customers, in addition to NDFs. According to the company, its multi-asset offering through a single trading interface has enabled market participants to access increased liquidity at lower cost since its launch in 2019. 24X’s crypto activity is regulated by the Bermuda Monetary Authority.
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