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• EDX formally launched buying and selling in bitcoin, ether, litecoin, and bitcoin money in the present day.
• The crypto exchange has additionally accomplished a second funding spherical with new traders.
• EDX has plans of launching a clearinghouse enterprise later this 12 months as nicely.

Investors can now commerce bitcoin, litecoin, ether, and bitcoin money on a brand new digital property market – EDX Markets.

EDX Markets is backed by monetary giants

On Tuesday, the crypto exchange that has assist from a bunch of Wall Street behemoths, together with Fidelity, Charles Schwab and Citadel Securities launched buying and selling within the mentioned digital property.

EDX Markets had first revealed plans of launching a non-custodial exchange final 12 months in September. In a press release this morning, its CEO Jamil Nazarali mentioned:

EDX’s skill to draw new traders and companions within the face of sector headwinds demonstrates energy of our platform and demand for a secure and compliant crypto market.

It is noteworthy that neither of the 4 crypto property out there to commerce on EDX have been dubbed “securities” within the current complaints the U.S. SEC has filed towards Binance and Coinbase.

EDX will quickly launch a clearinghouse enterprise

In its press launch, EDX Markets additionally confirmed in the present day that it has accomplished a second spherical of funding with new traders. CEO Nazarali added:

We are dedicated to bringing one of the best of conventional finance to cryptocurrency markets, with an infrastructure constructed by market consultants to embed key institutional finest practices.

A non-custodial crypto exchange is understood to be safer than the custodial pockets. On Tuesday, EDX Markets revealed plans of introducing a clearinghouse enterprise within the coming months as nicely.

The information arrives solely days after BlackRock formally filed to launch a Spot Bitcoin ETF within the United States (read more), suggesting the long-term institutional demand stays intact regardless of the FTX fiasco and the continued regulatory crackdown.