In September 2022, we discussed the upcoming launch of EDX Markets, a new crypto exchange backed by financial giants such as Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial.
The crypto exchange EDX finally started trading today focused on cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), states the official press release also shared by the Wall Street Journal.
Paradoxically, the launch of this new crypto exchange comes as the US SEC recently sued the crypto exchanges Binance and Coinbase.
However, unlike well-known crypto exchanges such as Binance, EDX Markets currently caters to institutional clients and is not available to individuals.
Crypto exchange EDX Markets expected to go live Tuesday https://t.co/RSnHY1w0Kf
— The Wall Street Journal (@WSJ) 20 June 2023
The very launch of the crypto exchange EDX Markets also comes with a new fundraiser, the official announcement said.
A new funding round welcoming additional strategic investors including Miami International Holdings, DV Crypto, GTS, GSR Markets LTD and HRT Technology.
Jamil Nazarali, CEO of EDX, said:
“EDX’s ability to attract new investors and partners in the face of industry headwinds demonstrates the strength of our platform and the demand for a secure and compliant cryptocurrency market.
We are committed to bringing the best of traditional finance to the cryptocurrency markets with an infrastructure built by market experts to incorporate key institutional best practices.
With the approval of our new and growing list of investors and customers, we are proud to launch trading and look forward to further improvements to our offering.
Going forward, EDX Clearing will be a significant differentiator for EDX – filling an unmet need in the market – by increasing competition and creating unmatched operational efficiency through a single settlement process. »
With the US regulator SEC suing major crypto exchanges in the sector, these planned crackdowns lead some to believe that all of this would serve no other purpose than to allow the giants of traditional finance to regain control of a sector. crypto trading is booming now, and very promising from a financial point of view.
The announcement of the launch of EDX Markets comes as the banking giant German bank just applied for a license to operate a crypto custody service, click here to learn more.
Without forgetting, of course, the financial investment giant, Black stonethat filed an application for a Bitcoin ETF with the US SEC, which has so far rejected all other Bitcoin ETF applications, click here to read our article.
Traditional financial giants, who are therefore increasingly interested in the crypto sector, and who would certainly like to see the native companies of this crypto market, such as Binance or Coinbase, disappear and take their place.
As for the Bitcoin price, it is on the rise about 27200 dollars, click here to follow BTC price in real time.
Follow us on Telegram, Facebook And Twitter.