EDX Markets Backed By Fidelity, Citadel, Schwab Starts Crypto Exchange Services

Also Read: Here’s When Bitcoin Price Can Start Rally Again Above $30,000

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EDX Markets Start Crypto Exchange Operations

EDX Markets-backed by market leaders including Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial silently started executing trades in recent weeks.

While EDX Markets seeks business from brokers and investors interested in crypto assets, but it remains concerned regarding heightened scrutiny from regulators in the US after troubles in FTX and Binance. However, Wall Street firms are still interested in crypto despite regulatory crackdowns led by the US Securities and Exchange Commission (SEC).

It is a first-of-its-kind exchange that will address latent demand for digital asset trading by enabling safe and compliant trading of digital assets through trusted intermediaries. It differs from how Crypto exchanges typically operate as it is a “noncustodial” exchange, which doesn’t handle its customers’ digital assets directly.

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EDX Markets will offer only Bitcoin, Ether, Bitcoin Cash, and Litecoin trading services. It also plans to launch a clearinghouse to facilitate the process of settling trades.

Moreover, EDX Markets completed a second funding round with including options-exchange operator Miami International Holdings and affiliates of proprietary trading firms DV Trading, GTS, GSR, and Hudson River Trading

Also Read: Cardano’s Charles Hoskinson Points Out Two Key Developments To Push ADA Price

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