Citadel, Fidelity, Charles Schwab Launch Crypto Exchange: EDX Markets Goes Live
A new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. said it’s gone live, a move that could reshape the cryptocurrency trading landscape. EDX Markets, a crypto exchange with backing from prominent financial entities, including Charles Schwab, Fidelity Digital Assets, and Citadel Securities, has officially launched, aiming to bring a new level of sophistication and security to digital asset trading.
The exchange is said to be a first-of-its-kind launched with a promise of being a “safer, faster and more efficient cryptocurrency trading.” To attain its objective, the EDXM will rely on the technology built by The Member Exchange (MEMX), an equity exchange, for scaling its operation to serve retail and institutional investors.
This launch signifies a major step forward for institutional acceptance and accessibility of crypto, bringing trusted names like Citadel, Fidelity, and Charles Schwab into the fold. EDX Markets' commitment to a safer, faster, and more efficient trading environment could attract a wider range of investors and accelerate the growth of the digital asset market.