EDX Markets, a crypto exchange, has been launched by firms including Charles Schwab, Citadel Securities and Fidelity Digital Assets.
In Brief:
EDX Markets is a cryptocurrency trading platform.
It’s also backed by Virtu Financial, Sequoia Capital and Paradigm.
The CEO of the exchange is Hamil Nazarali, previously of Citadel.
What does this mean?
EDX says crypto is a $1trn global asset class with over 300mn participants and pent-up demand for millions more” and this move reflects growing demand from more traditional investors to have exposure to crypto assets. The problem is often compliance and security, which EDX says it can help solve.
