Big Bank Joins Crypto World: Standard Chartered Partners with OKX

Standard Chartered, a well-known global bank, has teamed up with OKX, a popular crypto exchange. This partnership is big news because it lets big investors in Europe keep their digital money safe with Standard Chartered while still trading on OKX. This is not new for them. They started this idea in Dubai earlier this year and now they are expanding it to Europe. This move is important because it shows that crypto is becoming more mainstream. OKX already has a license in Malta, which is a big deal under Europe's new crypto rules. Before this, OKX's big clients usually kept their crypto on the exchange or used other safekeeping services. Now, they can use Standard Chartered, a major bank, to hold their assets. This partnership comes at a good time. Last October, the crypto market had a big crash, and many people lost money. Binance, the biggest crypto exchange, faced a lot of criticism. OKX's CEO said this partnership shows how far crypto has come. He believes that safe and clear rules are the future of digital money.