Log In

Reset Password

24 Exchange helps clients trade crypto currency

24 Exchange (Bermuda) Ltd has partnered with The Foreign Exchange Clearing House of Hong Kong to offer a clearing and settlement option to crypto cash institutional market participants.

The service, available to all 24 Exchange members, provides the first clear demarcation between trade execution, margin/risk management and settlement for the crypto asset class, the Hong Kong-based company said.

FXCH Ltd operates a real time netted clearing house model for institutions who trade digital assets on multiple exchanges and OTC venues.

The market utility works on the principle of managing collateralised multi-counterparty risk, culminating in one net settlement at the end of every trading day.

Users are afforded x3 leverage and real time cross-asset and cross-venue netting of positions, without the requirement to transfer assets prior to settlement, and therefore greatly reducing both systemic risks and cost of capital.

Dmitri Galinov, 24 Exchange CEO and founder, said: “We are pleased to join with The Foreign Exchange Clearing House to help our institutional clients manage settlements of their crypto currency trades on our robust platform.

“Through this partnership, sophisticated institutional market participants around the world who trade crypto assets on 24 Exchange can access fast, low-cost clearing and settlements with the highest levels of confidence, security and efficiency.”

FXCH is a start-up based in Hong Kong, with representation in London, Dublin, Cape Town, Vancouver and Istanbul.

Robust platform: Dmitri Galinov, 24 Exchange CEO and founder (File photograph)

You must be Registered or to post comment or to vote.

Published May 02, 2022 at 7:51 am (Updated May 02, 2022 at 7:51 am)

24 Exchange helps clients trade crypto currency

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon