Crypto platform EDX launches operations with the support of Wall Street

Various Wall Street companies have supported the EDX exchange, which began operations on Tuesday

EDX Markets, a cryptocurrency exchange, formally began its operations on Tuesday with the support of several Wall Street companies. This in the midst of regulations and turbulence in the United States market.

EDX offers bitcoin, ethereum, litecoin and bitcoin cash trading “for institutions following a non-depository model; that is, it uses third parties to guard and manage these digital assets, avoiding conflicts of interest”.

According to the statement through which the launch of its operations was announced, among the Wall Street companies that have given it the necessary support are “financiers Charles Schwab, Citadel, Fidelity, Paradigm and Sequoia Capital.”

These companies presented the project for this initiative last year, before the bankruptcy of the FTX platform occurred.

The EDX platform will continue to work on strengthening the cryptocurrency market, with greater transparency, efficiency, and security. It plans to launch, at the end of this year, EDX Clearing, a “coordination to facilitate the purchase and sale operations” of cryptocurrencies.


Source: finanzasdigital

(Reference image source: Traxer, Unsplash)

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