Crypto Exchange Backed by Fidelity, Schwab and Citadel Launches With Additional Investors

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New crypto exchange markets_edx backed by tradfi giants Fidelity, CharlesSchwab and citsecurities launched on Tuesday with fresh investment and a different business model. HeleneBraunn reports

“I am proud to announce that EDX Markets has successfully launched our digital asset market and completed an investment round with new equity partners,” EDX Markets CEO Jamil Nazarali wrote on LinkedIn. “EDX’s official launch allows our outstanding team to bring to crypto the same values and standards of competition, transparency, fairness and safety that investors in traditional assets expect and enjoy.

With the launch of its digital asset market comes a new round of capital which includes investments from Miami International Holdings, DV Crypto and GTS among others, the company said. “What we’re seeing is that increasingly, investors want to trade through their trusted intermediaries and that’s especially true post FTX, which was supposed to be the leader in the digital market. If you can’t trust them, who can you trust?” Nazarali told CoinDesk in an interview in April. “So people are falling back on the firms that have been around for a really long time and that have really stood the test of time and that’s a really important tailwind for us.

Source: News Formal (newsformal.com)

 

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