Wall Street Giants Propel EDX Markets into Digital Asset Trading Scene

Markets, a new digital asset marketplace, has announced the successful
initiation of its trading operations, which is backed by a consortium of major financial
institutions. Among the mentioned companies are several Wall Street giants,
including Charles Schwab, Fidelity Investments, and Citadel Securities.

Additionally, the company
has completed a new funding round that brought additional strategic
investors on board. In a future plan to optimize the market, the platform aims
to introduce a new clearinghouse, EDX Clearing, later this year.

EDX Markets Starts
Operations Supported by Wall Street’s Giants

Markets platform began trading recently and claims it stands out from the
competition thanks to its liquidity, competitive quotes, and unique
non-custodial model. EDX Markets aims to lessen potential conflicts of
interest. EDX also brought a retail-only quote to the crypto markets, which
resulted in improved pricing for retail-originated orders.

platform supports the trading of the most popular digital assets, such as
Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

ability to attract new investors and partners in the face of sector headwinds
demonstrates the strength of our platform and the demand for a safe and
compliant cryptocurrency market,” Jamil Nazarali, the CEO of EDX,

are committed to bringing the best of traditional finance to cryptocurrency
markets, with an infrastructure built by market experts to embed key
institutional best practices.”

In line
with its launch, the platform closed a new funding round. This round introduced
new strategic investors like DV Crypto, GTS and Miami International Holdings.
These firms joined the original coalition of investors, including Wall Street
giants mentioned before, like Charles Schwab, Citadel Securities, Fidelity
Digital, Sequoia Capital and Virtu Financial.

The funds
acquired will aid in the platform’s continued development and reinforcement of
its market leadership.

EDX Markets to Launch EDX

A new
development is on the horizon for EDX Markets: the launch of EDX Clearing. This
clearinghouse will settle trades matched on EDX Markets, acting as a central

ahead, EDX Clearing will be a major differentiator for EDX – and resolve an
unmet need in the market – by enhancing competition and creating unparalleled
operational efficiency through a single settlement process,” Nazarali

investment firm BlackRock has decided to venture into cryptocurrencies. Last
week, it proposed establishing its first Bitcoin ETF in the United States. This
new instrument will provide investors with secure and regulated access to the
BTC market if approved.

These moves
come at a time when there is increasing pressure from regulators on digital
asset companies in the United States. The Securities and Exchange Commission
(SEC) has filed lawsuits against the two largest exchanges in the country,
Coinbase and Binance. This has made the crypto landscape more challenging but
also illustrates the growing importance of digital assets in the financial

This article was written by Damian Chmiel at www.financemagnates.com.



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