Backed by Citadel Securities, Fidelity and Schwab, EDX Markets has launched with trading in four cryptocurrencies.
Crypto exchange EDX Markets, which is backed by corporate giants, launched today. EDX Markets will initially offer trading in four cryptocurrencies. The cryptocurrencies to be traded on the exchange will be BTC, ETH, LTC and BCH.
The exchange is backed by Fidelity, which manages $4.5 trillion in assets, and Charles Schwab, which manages $300 billion in assets. Citadel Securities is among the supporters of the exchange.
EDX Markets Supported by Fidelity and Schwab is on the Market!
As the SEC’s pressure on crypto exchanges increased, it turned out that an exchange came to market with institutional support. An exchange called EDX Markets launched its services by backing Fidelity, which manages trillion-dollar assets.
It is stated that the exchange will allow trading of four cryptocurrencies on its current services. It is not known why the exchange, which will offer trading over Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), prefers these cryptocurrencies.
EDX Markets has turned to investors with cautious brokers who are warm to digital assets and have experienced crashes like FTX. The purpose of the exchange is to operate its services with regulatory compliance.
The striking detail in the stock market was the involvement of Wall Street companies in the processes. The enterprise still continues to show interest in the crypto side.
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