Wall Street giants back EDX Markets, a new cryptocurrency exchange

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Wall Street giants back EDX Markets, a new cryptocurrency exchange
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EDX enables trading exclusively for four cryptocurrencies: Bitcoin, Ether, Litecoin, and Bitcoin Cash.

In the coming months, EDX plans to introduce EDX Clearing, a clearinghouse aimed at settling trades executed on the EDX Markets platform. This system will enable trades to be conducted with a central counterparty, offering participants notable advantages such as improved price competition, minimized settlement risks, and improved operational efficiencies.

As part of its growth strategy, EDX recently concluded a funding round attracting strategic investors such as Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. These investors join the existing coalition of founding investors, including Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial.

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