Key facts
- Anchorage Digital and Binance have launched an off-exchange settlement solution for institutional crypto trading.
- Standard Chartered executed its first live digital asset prime brokerage trades with LMAX Group.
- Standard Chartered utilized its balance sheet to intermediate institutional Bitcoin trades.
Anchorage Digital and Binance have launched an off-exchange settlement solution designed for institutional cryptocurrency trading. This initiative aims to provide a more robust and efficient market infrastructure for large-scale digital asset transactions.
In a related development, Standard Chartered executed its first live digital asset prime brokerage trades with LMAX Group. The bank utilized its own balance sheet to intermediate institutional Bitcoin trades, marking a step forward in the development of bank-backed crypto market infrastructure.