The Falconx digital resources broker has announced a strategic partnership with the British Multinational Bank Chartered to improve services for institutional customers.
In the first phase of the partnership, Standard Chartered will offer a series of banking services and foreign currency (FX) in Falconx, helping to improve the platform’s ability to manage cross -border payments. Over time, this partnership will expand to other offers and mutual opportunities, said the company.
By integrating the banking infrastructure of Standard Chartered, Falconx will now have access to multiple currency couples, making transfrontier transfrontier transactions faster and reliable for customers.
“We are pleased to collaborate with Chartered Standard, one of the most forward -looking global banks in the adoption of digital resources,” said Matt Long, general manager of APAC and Middle East in Falconx. “In Falconx, we work with some of the largest institutions in the world in the digital resources space and this partnership will allow us to provide bank solutions and FX even better to customers who have to operate in the world of cryptocurrencies.”
The partnership arrives immediately after the recent comments by Geoffrey Kendrick, head of digital resources research at Standard Chartered, who apologized for his previous $ 120,000 Bitcoin price target. Kendrick now believes that Bitcoin can exceed his initial predictions due to the growing institutional demand. It highlighted $ 5.3 billion in recent affluent to US Bitcoin Etfs, a sign of growing interest from large investors. Kendrick now expects Bitcoin to reach up to $ 200,000 by the end of the year.
“Our partnership with Falconx shows our commitment to advance the ecosystem of digital resources,” said Luke Boland, head of Fintech of Standard Chartered. “We are proud to provide bank infrastructures that help companies such as Falconx to offer world -level trading and financing solutions to institutional customers.”