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cryptocurrency2 years ago

Cryptocurrency Market Surges as Bitcoin and Litecoin Reach New Highs

Litecoin, often referred to as the "silver" to Bitcoin's "digital gold," has experienced a surge in value and regained its spot in the top 10 digital assets by market cap. This renewed interest is likely due to its listing on the EDX Markets exchange, backed by Wall Street heavyweights, and its upcoming halving event, which will reduce the supply of coins for mining rewards. Litecoin aims to be a faster and cheaper alternative to Bitcoin but has struggled to gain widespread adoption until now.

via Decrypt|
#bitcoin#cryptocurrency#edx-markets
cryptocurrency2 years ago

Bitcoin Cash Skyrockets in South Korea, Surging 110% in a Week

Bitcoin Cash (BCH) has experienced a surge of 33.9% in its price within 24 hours following its listing on EDX Markets and increased trading interest on a South Korean exchange. The listing on EDX Markets, backed by Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp., is seen as a positive sign for BCH's regulatory clearance. The token's price had been suppressed for the year but has risen significantly since the listing, reaching levels last seen 14 months ago. The surge in trading volume is partly driven by a short squeeze and a spike in volume on the South Korean exchange Upbit, with BCH/KRW trading volume on Upbit twice that of BCH trading volumes on Binance.

via Decrypt|
#bch#bitcoin-cash#cryptocurrency
cryptocurrency2 years ago

Bitcoin Cash Skyrockets as South Korean Trading Volumes Soar

Bitcoin Cash (BCH) has surged over 30% in the past 24 hours, reaching a 14-month high of $320, following the debut of Fidelity, Charles Schwab, and Citadel-backed EDX Markets. The surge is supported by increased trading activity on South Korea's Upbit exchange, with the BCH/KRW pair registering a trading volume of $557.63 million in the past 24 hours. The enthusiasm for BCH being offered by an exchange backed by prominent institutions has spread to the far east. The rally in BCH can be attributed to a combination of hope and greed, typical ingredients that fuel market movements in the cryptocurrency space.

via CoinDesk|
#bitcoin-cash#cryptocurrency#edx-markets
cryptocurrency2 years ago

Bitcoin Cash Skyrockets on EDX Markets Listing and Social Interest Surge

Bitcoin Cash has more than doubled in price since being listed on EDX Markets, a new crypto exchange backed by Citadel Securities, Fidelity, and Charles Schwab. The coin's price was up nearly 20% over the past 24 hours and is now trading near $235. Bitcoin Cash was not named a security in the SEC lawsuits against Binance and Coinbase, giving investors more confidence that regulators may be ignoring it. Despite being valued at vastly less than Bitcoin, Bitcoin Cash is still a top 20 cryptocurrency with a market cap above $4.5 billion.

via Fortune|
#bitcoin-cash#crypto-exchange#cryptocurrency
cryptocurrency2 years ago

Wall Street-Backed Crypto Exchange Launch Sparks Bitcoin Frenzy

EDX Markets, a new cryptocurrency exchange backed by Wall Street giants including Citadel Securities, Fidelity Investments, and Charles Schwab, has launched its digital asset market with a non-custodial model designed to minimize conflicts of interest and avoid entanglements with the SEC. The exchange supports trading of only four cryptocurrencies, none of which have been identified as securities by the SEC. EDX's approach differs from how most crypto exchanges operate, as it runs a marketplace where firms agree to execute trades of coins and dollars, using its platform to agree on prices. The news sparked modest buying across the crypto sector, with Bitcoin rising above $27,000 amid renewed investor optimism.

via OilPrice.com|
#bitcoin#cryptocurrency#edx-markets
cryptocurrency2 years ago

Bitcoin's Price Surge Continues, Crossing $29K and Drawing Wall Street Interest.

Bitcoin has surged above $29,000 for the first time in over a month, driven by bullish sentiment in the crypto market as traditional finance players make further inroads into the space. BlackRock filed for a US bitcoin ETF, Deutsche Bank applied for a digital asset custody license in Germany, and EDX Markets started its trading services. Bitcoin has outperformed other digital assets, gaining over 8% in 24 hours and could approach $30,400, according to some traders.

via CoinDesk|
#bitcoin#blackrock#crypto-market
cryptocurrency2 years ago

Major Financial Players Launch Crypto Exchange, Threatening Coinbase.

EDX Markets, a new crypto exchange backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities, has launched in the US after building out its technology for the past nine months. The exchange only offers four tokens – bitcoin, ethereum, litecoin and Bitcoin Cash – partly because of the unclear regulatory landscape in the US. EDX Markets doesn't custody customers' digital assets, instead, users will have to go through financial intermediaries to buy and sell crypto assets, similar to how trades are executed on the New York Stock Exchange or the Nasdaq.

via CoinDesk|
#charles-schwab#citadel-securities#crypto-exchange
cryptocurrency2 years ago

Institutional Investors and Wall Street Show Confidence in Crypto's Future

Ritholtz Wealth Management's Josh Brown believes that the cryptocurrency market has entered a "new phase" as institutional investors are showing interest in the space. EDX Markets, a digital asset marketplace backed by Charles Schwab, Fidelity, and Citadel Securities, launched trading in select assets on Tuesday, targeting institutional traders. Additionally, there are rumors that Fidelity is "readying something seismic." BlackRock also filed an application for what would be the first spot Bitcoin ETF in the U.S. These developments show that institutional investors are looking to get into the crypto space, and Brown notes that he owns positions in both Bitcoin and Ethereum.

via Benzinga|
#bitcoin#blackrock#cryptocurrency
cryptocurrency2 years ago

EDX Crypto Exchange Launches with Major Wall Street Backers.

EDX Markets, a non-custodial cryptocurrency exchange backed by Charles Schwab and Fidelity, has launched trading for bitcoin, ether, litecoin, and bitcoin cash. The exchange plans to launch a clearinghouse later this year to help customers settle trades. EDX has also attracted new investors, including Miami International Holdings and affiliates of proprietary trading firms DV Trading, GTS, GSR, and Hudson River Trading. By positioning itself as a non-custodial exchange, EDX aims to cater to the needs of major financial institutions seeking crypto exposure but harboring reservations about centralized crypto service providers.

via Investopedia|
#charles-schwab#cryptocurrency#edx-markets
cryptocurrency2 years ago

Major finance firms launch new crypto exchange.

EDX Markets, a crypto exchange aimed at institutional investors, has launched with backing from finance giants including Citadel Securities, Fidelity Digital Assets, Virtu Financial, Charles Schwab, Sequoia and Paradigm. The exchange is taking a cautious approach with US securities regulators, offering only four cryptocurrencies that the SEC has not deemed securities: bitcoin, ether, litecoin and bitcoin cash. EDX's crypto operations have been modeled after the stock market, and it is a non-custodial exchange that will funnel trades through retail brokerages. EDX is set to announce the conclusion of a second funding round on Tuesday.

via Blockworks|
#cryptocurrency#edx-markets#institutional-investors
cryptocurrency2 years ago

EDX crypto exchange launches with backing from finance giants.

EDX Markets, a new crypto exchange backed by Wall Street heavyweights including Fidelity, Schwab, and Citadel Securities, has started operation. It is a noncustodial exchange, meaning it doesn't directly deal with customers' cryptocurrencies. Instead, it operates an exchange where firms agree to execute trades of crypto and dollars, while using the platform to agree on prices. EDX will launch a clearing house to settle trades later this year. The move comes after the SEC recently sued both Binance and Coinbase.

via MarketWatch|
#crypto-exchange#cryptocurrency#edx-markets