24X Completes First Spot Crypto Trade in BTC

24X Bermuda Limited announced it has completed its first spot cryptocurrency trade on its institutional-grade platform. The trade, executed in Bitcoin (BTC), was facilitated by Standard Chartered and Cumberland DRW as counterparties.

The transaction marks a significant milestone in the development of regulated infrastructure for digital asset markets.

24X CEO Dmitri Galinov said, 'Institutional demand for digital assets has never been stronger... Our crypto trading infrastructure delivers deep liquidity, rigorous oversight, and seamless workflow global financial institutions have come to expect from 24X.'