24X Bermuda completes second spot cryptocurrency trade
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24X Bermuda completes second spot cryptocurrency trade 20 October 2026Bermuda Reporter: Matthew Challis
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24X Bermuda has completed its second consecutive spot cryptocurrency client trade on its institutional-grade, multi-asset trading platform.
The trade was executed in Bitcoin as part of 24X’s partnership with Standard Chartered, which also acted as the liquidity taker, with digital asset market maker Wintermute serving as the liquidity provider.
According to 24X, the two trades represent the “continued development of regulated, institutional-grade infrastructure for digital asset markets” and demonstrate how established institutions and specialist liquidity providers are “helping accelerate the adoption of digital assets”.
24X’s crypto activity is regulated by the Bermuda Monetary Authority.
Speaking on the transaction, Dmitri Galinov, founder and CEO of 24X, says: “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 of Wintermute, adds: “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.”
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Image: Ashley_Kaye/stock.adobe.com 