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Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX
Digital asset broker FalconX has actually revealed a tactical partnership with British international bank Standard Chartered to improve services for institutional customers.
In the very first stage of the partnership, Standard Chartered will use a series of banking and forex (FX) services to FalconX, assisting to enhance the platform’s capability to deal with cross-border payments. Over time, this partnership will broaden into other offerings and shared chances, the business mentioned.
By incorporating Standard Chartered’s banking facilities, FalconX will now have access to more currency sets, making cross-border deals quicker and more dependable for customers.
“We are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption” stated Matt Long, General Manager for APAC & Middle East at FalconX. “At FalconX, we work with some of the world’s largest institutions in the digital asset space, and this partnership will allow us to provide even better banking and FX solutions to clients who need to operate in the crypto world.”
The partnership comes right after current comments from Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, who excused his earlier Bitcoin rate target of $120,000. Kendrick now thinks Bitcoin might exceed his preliminary projection due to the growing institutional need. He highlighted $5.3 billion in current inflows to U.S. Bitcoin ETFs, an indication of increasing interest from big financiers. Kendrick now anticipates Bitcoin to rise to $200,000 by the end of the year.
“Our partnership with FalconX shows our commitment to advancing the digital asset ecosystem,” stated Luke Boland, Head of Fintech at Standard Chartered. “We’re proud to provide the banking infrastructure that helps firms like FalconX offer world-class trading and financing solutions to institutional clients.”
This post Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX initially appeared on Bitcoin Magazine and is composed by Jenna Montgomery.
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