Standard Chartered Partners with FalconX for Crypto Expansion

By: coincu news|2025/05/15 00:15:05
0
Share
copy
Standard Chartered Bank has partnered with digital asset broker FalconX, as reported by CoinDesk on May 14. FalconX will use Standard Chartered’s banking infrastructure for operations in Singapore, expanding to other regions . The partnership signifies a major move in Standard Chartered’s crypto ventures, aiming to boost its digital asset services across Asia and beyond. Standard Chartered and FalconX Launch Strategic Collaboration Standard Chartered Bank recently announced a collaboration with FalconX, aiming to enhance institutional cryptocurrency services. FalconX, for the first time, partners with a global traditional bank to leverage its infrastructure and foreign exchange capabilities, with Singapore as the initial operating hub. This strategic collaboration aims to expand into the Middle East and the United States, improving cross-border financial solutions. This development intends to refine FalconX’s ability to offer robust trading and foreign exchange solutions in crypto markets. By incorporating Standard Chartered’s broad suite of global services, liquidity and settlement efficiencies are expected to improve substantially for crypto institutional clients. Institutional Partnerships Drive Increased Crypto Adoption Did you know? Institutional collaborations like Standard Chartered and FalconX’s have historically increased asset trading volumes and improved liquidity in BTC and ETH markets. Bitcoin (BTC) stands at $103,266.10 with a market cap of formatNumber(2,051,343,873,408, 2) and a 61.41% dominance. Recent figures from CoinMarketCap show its 24-hour trading volume fell by 6.86% to formatNumber(50,644,812,897, 2). Over 90 days, Bitcoin’s price rose 7.35%. According to the Coincu research team, institutional partnerships such as this facilitate enhanced fiscal and technological integration between traditional banking systems and digital assets. The move is expected to incentivize further adoption amongst institutional players, placing banks at a pivotal role in the crypto finance ecosystem.

You may also like

Uniswap is trapped in an innovation dilemma

The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...

What is the key to competition in crypto banking?

Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Popular coins

Latest Crypto News

Read more