Dmitri Galinov, 24 Exchange CEO and Founder, said:
This BMA license for 24 Exchange Broker Ltd. enables us to bring spot cryptocurrency trading onto our institutional-grade platform, making it more available, accessible and standardized. We are pleased to continue to drive the institutional adoption of crypto products trading at the best available rates and with around-the-clock availability. Our company truly appreciates the efficient work of the Bermuda Government’s Office of FinTech and the Bermuda Business Development Agency – as well as their dedication to supporting the growth of the digital asset sector in Bermuda.
24 Exchange’s Broker trading platform is fully integrated with digital service providers Zero Hash and Fireblocks to allow for post-trade and custody solutions.
In addition, 24 Exchange has an existing partnerships Cobalt that yields a solution for wallet and counterparty collateralization. It allows broker’s clients to utilize their own collateral in their wallet infrastructure to enable trading, eliminating the need to deposit funds in advance.
