Fast Facts
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Expanded Partnership: OKX has enhanced its collaboration with Standard Chartered Bank to include the European Economic Area, allowing institutional clients secure asset custody while trading on OKX.
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Unique Positioning: Standard Chartered is the first Global Systemically Important Bank to partner directly with a crypto exchange, signaling growing confidence in integrating crypto with established financial systems.
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Regulatory Compliance: The partnership aims to provide a compliant framework for digital asset management, combining bank-grade custody with OKX’s regulatory framework for heightened security.
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Resilience Amid Scrutiny: Despite facing regulatory challenges in Europe, OKX is expanding its presence by reopening its US platform and launching a multi-chain Web3 wallet.
OKX Partners with Standard Chartered for Enhanced Security in Europe
OKX has expanded its collaboration with Standard Chartered Bank, focusing on the European Economic Area (EEA). This partnership builds on their earlier agreement in the UAE. Now, OKX can offer its collateral mirroring program to institutional clients in Europe. As a result, investors can securely hold their assets with Standard Chartered while still using OKX for trading.
This setup provides significant advantages. Institutions gain bank-grade custody alongside direct access to digital asset markets. Consequently, this arrangement lowers counterparty risks and boosts trading efficiency.
Notably, Standard Chartered is the first Global Systemically Important Bank (G-SIB) to directly partner with a crypto exchange. OKX views this partnership as a sign of growing regulatory trust in the crypto model. It aligns digital assets with established financial standards, promising both safety and scalability for European investors.
Margaret Harwood-Jones, Standard Chartered’s Global Head of Financing and Securities Services, emphasized the collaboration’s focus on security. She stated that it combines the bank’s custody framework with OKX’s regulatory structure, ensuring high security and compliance for institutional clients.
Despite facing scrutiny from European regulators earlier this year—over allegations involving by North Korea’s Lazarus Group—OKX continues to reaffirm its commitment to the European market. Recently, it secured its Markets in Crypto-Assets (MiCA) license, demonstrating its intent to operate transparently.
Furthermore, following regulatory challenges, OKX is also focused on re-establishing its presence in the United States. The company recently reopened its US platform and introduced a multi-chain Web3 wallet, further enhancing its offerings.
With these developments, OKX and Standard Chartered mark a significant step toward creating a safer and more regulated environment for digital asset investment in Europe. This collaboration highlights the ongoing evolution and growing sophistication of the cryptocurrency market.
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This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
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